Hedge Funds

Unaudited Quarterly Summary as of 9/30/2016
Total Market Value: $5.9 billion
7.70% of OPERS DB Fund
Quarter Return: 2.60%
Benchmark Return: 2.93%
Year To Date Return: 1.62%
Benchmark Return: 4.72%

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.