Oklahoma Police Pension & Retirement System, Oklahoma City, returned 18.52% on its investments for fiscal year 2011, ended June 30, according to Steven K. Snyder, executive director and chief investment officer of the $1.8 billion retirement system.
The performance was below the system's custom benchmark of 22.72%, according to its June monthly investment returns report.
The system's equity portfolio, which includes private equity and makes up 66.2% of the system's overall portfolio, returned 24.05%, below its custom benchmark of 32.19%. Fixed income, at 28.3% of assets, returned 9.3% for the fiscal year, beating its benchmark's 4.78%. Real assets, at 3.9% of the portfolio, returned 5.86%; the 0.9% cash allocation returned 4%, and Oklahoma investments, which make up 0.7% of the portfolio, returned 3.58%.
Mr. Snyder could not immediately be reached for further details.