Oregon Investment Council, Tigard, which runs the $70.1 billion Oregon Public Employees Retirement Fund, Salem, returned 4.32% net of fees for the year ended June 30, data on the council's website show.
The pension fund returned an annualized 11.07% for the three years and 11.23% for the five years ended June 30.
The best-performing asset class during the one-year period was real estate with a 12.04% return, with private equity the next at 9.54%. Both trailed their respective benchmarks for the period, of 12.7% for real estate and 15.7% for private equity. The worst-performing asset class was “other alternative investments” with -1.99%, followed by -0.73% for the pension fund's $1.1 billion opportunity portfolio.