US - The US$69bn Ohio Public Employees Retirement System (OPERS) returned 9.03% in 2005.
According to end of year 2005 investment results, the defined benefit pension fund returned 9.25%, including the healthcare fund, with total assets rising to $57.2bn. The fund achieved outperformance of 107 basis points.
The results mark the third consecutive year that the fund has had positive returns. The OPERS fund returned 12.5% and 25.3% in 2004 and 2003 respectively.
According to Jennifer C. Hom, director of investments, OPERS still beat the benchmark on all asset classes and contributed $4.5bn to the overall fund, despite a “relatively flat” Dow and “modest” growth in other indices.
“Our disciplined long-term investment orientation continues to work well for the fund and its members,” she said. “All asset classes showed robust gains, especially our internally managed fixed income and private equity portfolios.”
By Daniel Flatt
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.