Ohio Public Employees Retirement System's $90.1 billion defined benefit plan returned a preliminary net 11.35% for the year ended Dec. 31, spokesman Michael Pramik confirmed in an email.
The return fell short of the Columbus-based pension fund's benchmark by 31 basis points in the preliminary investment report provided by Mr. Pramik. Annualized returns for the three, five and 10 years ended Dec. 31 are not yet available.
For the year ended Dec. 31, 2019, the pension fund returned a net 17.23%.
Asset class returns for the pension fund will not be available until February, Mr. Pramik said.
As of Dec. 31, the pension fund's actual allocation was 23.1% international equities, 22.5% domestic equities, 11.1% core fixed income, 10.2% private equity, 9.2% real estate, 5.9% emerging markets debt, 4.4% risk parity, 3.8% U.S. Treasuries, 2.3% high yield, 2.2% Treasury inflation-protected securities, 1.6% hedge funds, 1.5% commodities, 1.2% securitized debt and the rest in other.
