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Sign in Sign up for a FREE subscriptionOP&F reports 13.7% investment portfolio return in 2017
The $15.7 billion Ohio Police & Fire Pension Fund has reported a net return of 13.68 percent for the year, beating its benchmark by 127 basis points, according to David Graham, communications director for OP&F. The 2017 return was weighed down by a significant allocation to MLPs.
OP&F’s general investment consultant, Wilshire Associates, presented the Investment Performance Report for periods ended Dec. 31, 2017.
In June 2017, OP&F adopted a new long-term asset allocation policy, which slightly increased expected returns while at the same time reduced expected risk versus OP&F’s current long-term allocation policy.
In addition, OP&F reported a 2.1 percent net return for its real estate portfolio during the second quarter 2017 and a 12-month net return of 8.1 percent for the period ended June 30, 2017.
OP&F has a target allocation to real estate of 12 percent with an actual allocation of 10.9 percent.
