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.
