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Thursday, September 29, 2016


Monthly Investment Portfolio Report update

At its regular meeting on September 28, 2016, the Investment Committee received an update about OCERSí preliminary fund performance as of August 31, 2016. Chief Investment Officer Girard Miller reported that OCERSí total fund has a preliminary year-to-date positive return of 6.21 percent. OCERSí fund recorded a positive return of 0.82 percent in the month of August, with total domestic equity and total emerging markets equity among the strong performers. OCERS reported a one-year return of 6.39 percent as of that date, and a trailing five-year return of 6.63 percent.

As of August 31, 2016, OCERSí total fund was at an all-time high of more than $13 billion.


Investment Committee meeting action overview


In other action at the September 28 meeting, the Investment Committee considered a number of other issues and/or took actions related to OCERSí investment portfolio.


No formal actions were taken on Asset Allocation. That discussion and deliberation process is expected to continue through December. The CIO provided an oral update on hedge funds and staff work on the transition plan for absolute return strategies that will be presented at a future meeting.

The next regular Investment Committee Meeting will be held at 9 a.m. on Wednesday, October 26, 2016 in the Saddleback Room at OCERS, 2223 E. Wellington Ave., Suite 100, Santa Ana, CA.



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