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: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of