Oklahoma Firefighters Pension and Retirement System, Oklahoma City, returned -0.19% for calendar year 2011, said Robert Jones, executive director of the $1.6 billion system.
The pension fund returned 6.08% for the quarter ended Dec. 31 and -4.96% for the first half of its current fiscal year, which ends June 30.
Total equity investments lost 3.38% in 2011 — domestic equity was down 0.32% and international equity decreased 15.9%, Mr. Jones said. Long/short strategies are included within the equity class, he added.
Global fixed income returned 8.14%, and domestic fixed income returned 7.84%. Real estate had the highest returns at 11.85%, while low-volatility hedge funds lost 0.8%.
