Ohio Public Employees logs 15.3% return for the year

The Ohio Public Employees' Retirement System's (OPERS) Defined Benefit (DB) Fund was higher for the quarter and recorded a 15.3 percent return during the past year, according to a board meeting packet published Feb. 16.

The DB Fund was 14.9 percent higher during the past three years and 11.4 percent during the past five years, all on a net-of-fee basis.

OPERS said asset-class returns were mixed during the quarter, with current allocation coming very close to their long-term targets. Real estate composites, alongside private equities and domestic equities, had the highest absolute returns during the quarter.

The real estate portfolio had a market value of more than $10 billion, representing 9.2 percent of the total portfolio. It returned 17 percent for the year against its benchmark of 14.5 percent.