Ohio PERS boost assets by $10 billion

The Ohio Public Employees Retirement System, Columbus, reported a $10 billion increase in its assets for the year through Dec. 18, bringing its overall assets to $57.5 billion. The increase was driven by a 22% investment return, the best performance since 1985, when it returned 25.6%. The stock market's rebound was the major factor in the portfolio's performance, Neil V. Toth, director of investments, said in a news release. But he added the system was "still making up for recent losses from the three-year bear market."