Ohio P&F reports 8.50% net return for FY 2018

The $15.87 billion Ohio Police & Fire Pension Fund has reported a portfolio performance return for the one-year ended June 30, 2018, of 8.50 percent (net of fees), beating its benchmark by 180 basis points. OP&F also reported a performance of 2.37 percent (net of fees) for the quarter ended June 30.

Wilshire Associates, OP&F’s general investment consultant, provided the market overview and performance report.

The Townsend Group serves as OP&F’s consultant for both its real estate and real assets portfolios and also delivered performance reports to the board. For first quarter 2018 (ending March 31, 2018), the real estate portfolio’s net return was 3.5 percent. The real estate portfolio had $2.1 billion invested and committed to commingled funds as of the end of the first quarter, while its market value was $1.65 billion at that time.

The real assets portfolio had a net return of 2.2 percent in the first quarter. The relatively new asset class for OP&F (established in 2017 and includes timber, infrastructure and agriculture investments) was valued at $340 million, or 2.2 percent of assets, at March 31, with a long-term target allocation of 8 percent.