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August 25, 2011 01:00 AM

Oklahoma Teachers gains 23.5% in fiscal year

Timothy Inklebarger
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    Oklahoma Teachers' Retirement System, Oklahoma City, returned 23.5% on its investments for the fiscal year ended June 30, according to a news release from the $9 billion fund.

    “The strong performance of the fund is particularly gratifying in light of a very volatile market,” Executive Director James Wilbanks said in the news release. “The board of trustees and staff of the teachers retirement system have worked diligently to enact a strategy of investment diversity, and the figures bear out we are having success as a result.”

    The news release attributed the return to a “larger-than-average commitment to higher-returning asset categories” but didn't detail the high-performing asset classes.

    Mr. Wilbanks could not immediately be reached for further comment.

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