Oklahoma Firefighters Pension & Retirement System, Oklahoma City, returned a preliminary net return of about 14.3% for the fiscal year ended June 30, surpassing its benchmark return of 12.9%, said Troy Brown, director of consulting at AndCo Consulting, investment consultant to the $2.3 billion pension fund, in an email.
Among the various asset classes, other equity, which currently contains a private master limited partnership strategy, returned 25.58%; domestic equity returned 19.9%; international equity, 18.43%; other assets, which currently contains private equity secondary strategies, global tactical asset allocation and a return-targeted hedge fund, 10.72%; real estate, 8.82%; other fixed income, which currently contains direct lending, a liquidating low-volatility hedge fund, and a private opportunistic corporate credit strategy, 6.29%; global fixed income, 4.3%; and domestic fixed income, 0.05%.
As of June 30, the pension fund had an asset allocation of 49.5% domestic equity, 13.3% real estate, 12% international equity, 7.5% other assets, 6.8% domestic fixed income, 6.2% global fixed income, 2.8% other fixed income, 1.6% other equity and 0.3% cash.
For the three, five and 10 years ended June 30, the pension fund returned an annualized 6.96%, 10.52% and 5.83%, respectively.
Last fiscal year the pension fund returned a gross 1.11%.