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Tuesday, April 22, 2014

Investment report affords positive news about 2014

At the regular meeting held on April 21, 2014, the Board of Retirement received a complete update about OCERSí fund performance as of March 31, 2014.

Chief Investment Officer Girard Miller reported that OCERSí total fund recorded a 0.62 percent positive return during the month of March, while the fundís year-to-date return was 1.86 percent. OCERS reported a trailing one-year return of 9.48 percent, and three-year return of 7.45 percent as of that date. OCERSí five-year return as of March 31 was a strong 12.01 percent.

In his remarks at the meeting, Mr. Miller noted that the diversifying parts of OCERSí portfolio have done well in the first three months of 2014, notably total diversified credit (with a 2.86 percent return), total absolute return (2 percent) and total private equity (the portfolioís strongest contributor in 2014 with a 5.86 percent return).

As of March 31, 2014, OCERSí total fund was more than $11.6 billion. For more information, view OCERS' latest Investment Portfolio Report here.

OCERS' Investment Committee will have their regular meeting at 9 a.m. on Wednesday, April 30, 2014. The next regular Board of Retirement meeting will be held at 9 a.m. on Monday, May 19, 2014.


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