06.02.2013 Views

Investment Plan - OPERS

Investment Plan - OPERS

Investment Plan - OPERS

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

2 0 1 0 I N V E S T M E N T P L A N<br />

TABLE OF CONTENTS<br />

<strong>Investment</strong> Program<br />

Report from the CIO 1<br />

Organizational Structure 7<br />

Office of the CIO 9<br />

Fund Management 10<br />

Global Bonds Internal Management 12<br />

U.S. Equity Internal Management 14<br />

External Management 15<br />

<strong>Investment</strong> Governance 16<br />

Resources 20<br />

Fund Strategies<br />

Defined Benefit Fund 26<br />

Health Care Fund 35<br />

Defined Contribution Fund 43<br />

Asset Class Strategies<br />

Tactical Outlook 51<br />

Public Equity 55<br />

Public Fixed Income 62<br />

Private Equity 71<br />

Real Estate 75<br />

Opportunistic/Hedge Funds 81<br />

Commodities 81<br />

Infrastructure 81<br />

Appendix A<br />

Advisors’ Reviews 82<br />

Appendix B<br />

Economic Outlook 85<br />

Appendix C<br />

<strong>Investment</strong> Staff 92

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!