Financial

Hedge Funds

Unaudited Quarterly Summary as of 12/31/2016
Total Market Value: $6.1 billion
7.90% of OPERS DB Fund
Quarter Return: 1.73%
Benchmark Return: 1.69%
Year To Date Return: 3.38%
Benchmark Return: 6.51%

Hedge Fund investments are structured to preserve capital and provide competitive returns with a low correlation to traditional asset classes, providing diversification, reduced volatility of returns and long-term return enhancement. Hedge Funds sub asset class has a targeted allocation of 8 percent for the Defined Benefit Fund.