Friday, August 29, 2014
Committee takes actions at August 27 meeting
At the monthly meeting held on August 27, 2014, the Investment Committee took several actions related to the retirement systemís portfolio.
Approved a staff recommendation to remove Hancock Agricultural Investment Group from Watch List. Hancock was originally placed on Watch status because of personnel changes in October 2011.
staff recommendation to place J.P. Morgan Global Equity on Watch List for
Monthly investment report affords positive news about 2014In other action on August 27, the Committee received an update about OCERSí preliminary fund performance as of July 31, 2014. Chief Investment Officer Girard Miller reported that OCERSí total fund recorded a 4.97 percent increase year-to-date as of July 31, 2014, and the system recorded a trailing one-year return of 11.07 percent as of that date.
The CIO also
provided an overview of OCERSí diverse range of investments during his
presentation. A wide range of major asset classes have contributed to OCERSí
positive growth this year within OCERSí portfolio including domestic and global
equities, emerging markets equity, diversified credit, absolute return, U.S.
fixed income and emerging market debt. OCERSí private equity and real
estate have also been strong performers, recording 12.46 percent and 8.88
OCERS next Investment Committee Meeting will be held at 9 a.m. on September 24, 2014 at 2223 E. Wellington Ave., Santa Ana, CA. The meeting will be held in the Board Room, which is located on the first floor of the OCERS building