District of Columbia Retirement Board sees 13.1% return in 2012

District of Columbia Retirement Board, Washington, reported a 13.1% return on its investments in 2012, net of fees, topping the retirement system's policy benchmark of 11.9%.

Assets totaled $5.4 billion as of Dec. 31, up 14.9% from a year earlier, according to a fund evaluation report prepared by investment consultant Meketa Investment Group.

Domestic equity returned 17.3% in 2012, while international developed markets equities rose 17.1% and emerging markets equities returned 18.6%.

Private equity increased 13.4%; fixed income returned 6.8%; and absolute return rose 0.9%.

Asset allocation as of Dec. 31 was 28% fixed income 22.8% domestic equities, 20.7% international developed markets equities, 19% alternatives, 8.8% emerging markets equities and the rest in cash.