OCERS records 9.5% return for first eight months of 2017

The Orange County (Calif.) Employees Retirement System has recorded a 9.5 percent positive return (net of fees) through the first eight months of 2017, while the trailing one-year return was 12 percent.

The growth in equity was a significant driver of OCERS’ returns during the trailing one-year span. International equity saw an increase of 20.3 percent over the trailing year, while U.S. equity recorded a 15.9 percent increase.

Other areas that saw significant gains over the trailing one-year span were emerging market equity with a 27.6 percent increase and private equity with a 13.7 percent return.

Looking over the longer period, OCERS’ return over the trailing three-year period was 5.4 percent; the trailing five-year period was 7.5 percent, and the trailing 10-year period was 5.3 percent.

In January 2017, the pension fund’s investment committee voted to adopt a new asset allocation, and in March, OCERS adopted the target ranges around each asset cl