District of Columbia Retirement Board, Washington, reported assets of $4.47 billion for fiscal year 2011 ended Sept. 30, an increase of 5.3% from 12 months earlier, according to a report from Sheila Morgan-Johnson, chief investment officer, posted on the retirement system's website. A gross return of 2.9% for the same time period was led by absolute-return and private equity investments.
During the current fiscal year, the board will be looking for managers in emerging markets debt, foreign bonds and high-yield bonds, according to the report. The retirement board plans to set target ranges for alternative investments, including absolute-return, private equity, real estate and infrastructure, by the end of the fiscal year.
Calls to DCRB officials were not returned.
