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Friday, September 25, 2015

Monthly Investment Portfolio Report update

At its regular meeting on September 23, 2015, the Investment Committee received an update about OCERS' preliminary fund performance as of August 31, 2015. It was reported that OCERS' total fund has a year-to-date negative return of 0.08 percent. OCERS reported a one-year negative return of 1.42 percent as of that date, and a trailing positive five-year return of 7.76 percent.


As of August 31, 2015, OCERS' total fund was more than $12.1 billion.

Market Dislocation Strategies actions approved

In other action taken on September 23, 2015, the Investment Committee unanimously approved several actions related to OCERS' market dislocation investment strategy position.

Investment Committee removes PIMCO from watch list

The Investment Committee voted to remove PIMCO including the Unconstrained Bond Fund and Total Return Strategy from watch list on September 23, 2015. The Investment Committee had placed PIMCO on watch list in early 2014 after organizational changes.


The investment performance for the various strategies for the time span they have been on watch has been in line with benchmarks. PIMCO has been managing assets for OCERS since May 1982, and currently manages just under $1 billion across five strategies on behalf of OCERS.


The next regular Board of Retirement meeting will be held at 9 a.m. on Monday, October 19, 2015; the next Investment Committee meeting will be held at 9 a.m. on Wednesday, October 28, 2015. Both meetings will be held in the Board Room at OCERS, 2223 E. Wellington Avenue, Suite 100, Santa Ana, CA.

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