Two Ohio state pension funds rode strong equity and real estate performance to gains in the year ended June 30.
Ohio Public Employees Retirement System, Columbus, reported a 17.7% return for the year ended June 30, bringing its total assets to $60 billion, Neil V. Toth, the system's director of investments, said in a news release. The system's assets gained 3.1%, or $1.5 billion, in the six months ended June 30. At the end of last year, its asset allocation was 47.5% U.S. equities, 21.2% non-U.S. equities, 21.5% global bonds, 6% real estate and 3.8% private equity and short-term securities.
Ohio School Employees Retirement System, Columbus, returned 16.5% for the year ended June 30, twice as much as the $8.28 billion system's actuarial assumed rate of return, according to a news release from the system. Its asset allocation is 46% in domestic equity, 23% fixed income, 16% international equity, 10% in real estate, and 5% private investments and short-term securities.