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Friday, November 21, 2014

Investment Committee actions taken on November 19, 2014
At its regular meeting on November 19, 2014, the Investment Committee took a number of actions related to OCERS' portfolio

Monthly Investment Portfolio Report update
The Investment Committee also received a preliminary update about OCERS' fund performance as of October 31, 2014. Chief Investment Officer Girard Miller reported that OCERS' total fund has a year-to-date positive return of 4.95 percent, and recorded a positive return of 0.52 percent during the month of October. OCERS reported a three-year return of 8.89 percent as of that date, and a trailing five-year return of 8.75 percent. Over the longer 10-year span, OCERS return was 7.18 percent return as of the end of October.

As of October 31,  2014, OCERS' total fund was more than $11.8 billion.

OCERS' Investment Committee will next meet at 9 a.m. on Wednesday, December 10, 2014.

OCERS receives Public Pension Coordinating Council (PPCC) Standards Award for Funding and Administration
At the regular Board of Retirement meeting held on November 17, 2014, the Board of Retirement recognized OCERS' staff on receiving the Public Pension Standards Award for Funding and Administration. Presented by the Public Pension Coordinating Council (PPCC), OCERS received the award in recognition of meeting professional standards for plan funding and administration as set forth in the Public Pension Standards.

The PPCC is a coalition of three associations that represent public pension funds who cover the vast majority of public employees in the U.S. This marked the second consecutive year that OCERS qualified for the award.

OCERS' regular Board of Retirement will next meet at 9 a.m. on Monday, December 15, 2014.

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