Oklahoma Police Returns 12.34% For Fiscal Year

Jul 23 2013 | 1:04pm ET

The $1.9 billion Oklahoma Police Pension & Retirement System returned 12.34% net of fees for the fiscal year ended June 30.

OPPRS Executive Director and CIO Steven Snyder told Pensions&Investments the total beat the pension's custom benchmark by 100 basis points.

It was the fund's equity composite—which includes hedge funds, long/short equity and private equity—that drove the gains, returning 16.16% for the year.

OPPRS' fixed-income investments returned 5.71%, thanks in no small part to a $174 million low-volatility strategy managed by Pacific Alternative Asset Management Co. that returned 12.64%. The fund's real assets investments—including  real estate and commodities— returned 13.48%.

The pension, which is roughly 90% funded, has posted an annualized return of 10.07% for the three years ended June 30, 4.4% for five years and 7.01% for 10 years.

OPPRS began moving into direct hedge fund investing last year, allocating to AKO Capital, Cevian Capital, Hoplight Capital Management, Tremblant Capital Group, Trian Partners, White Elm Capital and Southpoint. The pension's stated goal is to have 12-15 managers overseeing $100 million by the end of Q3, 2013.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.