Investments
OCERS’ Asset Allocation
As of December 31, 2024
| Asset Class | Market Value | Actual | Target |
|---|---|---|---|
| Global Public Equity | $11,242,180,530 | 46.3% | 45.0% |
| Private Equity |
$3,850,853,721 |
15.8% | 15.0% |
| Income Strategies |
$3,712,844,481 |
15.3% | 17.0% |
| Real Assets |
$3,040,187,107 |
12.5% | 13.0% |
| Risk Mitigation |
$1,955,532,938 |
8.1% | 10.0% |
| Unique Strategy |
$223,736,094 |
0.9% | 0.0% |
| Cash & Cash Overlay |
$278,231,494 |
1.2% | 0.0% |
| Total Assets |
$24,303,566,365 |
100.0% | 100.0% |
OCERS’ Fund Performance
As of December 31, 2024
| 3 Month | 1 Year | 3 Year | 5 Year | 10 Year | |||
|---|---|---|---|---|---|---|---|
| Total Fund (net of fees) |
-0.8% |
10.0% | 4.1% | 8.0% | 7.4% | ||
| Policy Benchmark |
-0.5% |
9.8% | 3.9% | 7.7% | 7.5% | ||
Investment Performance
Q4 2024 - Capital Markets Review
Global equities experienced mixed performance in Q4 2024 amid heightened volatility. The quarter started with strong gains following the U.S. presidential election, as investor optimism drove major indices to record highs. However, this momentum was tempered in December by rising Treasury yields and concerns about inflationary pressures from anticipated fiscal policies. The S&P 500 ended the quarter up 2.4%, contributing to a robust 25% gain for the year.