Ohio State Teachers' Retirement System, Columbus, returned a gross 14.29% in the fiscal year ended June 30, 77 basis points above its primary benchmark, said a report on the pension fund's website.
The $75.1 billion pension fund also reported annualized gross returns of 10.06%. 5.48% and 7.02%, respectively, for the five, 10, and 20 years ended June 30. The pension fund had returned 0.92% in the fiscal year ended June 30, 2016.
By asset class for the fiscal year ended June 30, international equities led the way, returning a gross 22.2% vs. its 21.6% benchmark, followed by domestic equities, which returned 19,6% (18.5% benchmark). Alternative investments (which includes private equity and opportunistic/diversified investments) returned 11.56% (18.51%); real estate, 4.67% (5.64%); and fixed income, 1.85% (0.91%).
As of June 30, the actual allocation was 29.8% domestic equities, 26.9% international equities, 18.2% fixed income, 9.8% real estate, 7.1% opportunistic/diversified investments, 6.6% private equity and 1.6% liquidity reserves.
Nick Treneff, pension fund spokesman, could not be immediately reached to provide further information.