Thursday, April 28, 2016
Investment Committee approves Operational Due Diligence Service Providers RFP
At its regular meeting on Wednesday, April 27, 2016, the Investment Committee approved a staff recommendation to issue a Request for Proposals (RFP) and search process for operational due diligence service providers.
Investment Governance-related action approved
Portfolio Report update
Additionally, the Investment Committee received an update about OCERS' preliminary fund performance as of March 31, 2016. Chief Investment Officer Girard Miller reported that OCERS' total fund recorded a 4 percent increase in the month of March, helping the retirement system move into positive territory for the first quarter of 2016. OCERS has a year-to-date positive return of 0.69 percent. OCERS reported a one-year return of -1.7 percent as of that date, and a trailing five-year return of 5.2 percent. For the trailing 7-year span, OCERS recorded a strong 8.9 percent. As of March 31, 2016, OCERS' total fund was more than $12 billion.
OCERS' Board of Retirement will hold its next regular meeting at 9 a.m. on Monday, May 16, 2016; the next Investment Committee meeting will be held at 9 a.m. on Wednesday, May 25, 2016.