OP&F News

OP&F Investment Notes, February 2020

Notes from the Investment Committee meeting on Feb. 26

Portfolio value:

The OP&F portfolio was valued at $15.97 billion as of 2/25.

4th quarter review shows impressive returns for 2019

Wilshire Associates, OP&F’s general investment consultant, presented the Investment Performance Report to the Board for periods ended Dec. 31, 2019. The report showed that the portfolio had a 17.23 percent net return for the year, well above the 8.0 percent actuarial assumed return and the 16.32 percent policy return. The gross returns for the one-year (17.89 percent), three-year (9.80 percent), five-year (8.16 percent) and 10-year periods (9.75 percent) were all well above their corresponding periods’ policy returns according to the report.

OP&F approves infrastructure investment to iCON

The OP&F Board approved a recommendation to commit up to $75 million to iCON Infrastructure Fund V. iCON’s focus is on acquiring a diversified portfolio of middle market core, core-plus and value-add infrastructure assets and asset backed companies located predominantly in North America and Europe. The commitment is the first in the real assets portfolio for 2020. OP&F has four other infrastructure managers, all added since 2017. The Real Assets portfolio is currently 3.0 percent of the total OP&F portfolio, with a target of 8.0 percent.

Board approves two private markets commitments

The Board approved two private markets recommendations of up to $20 million each during the February meeting, to Altaris Health Partners V, L.P. and Francisco Partners VI. OP&F has existing investments with each (Altaris HP IV, and Francisco III and IV). Altaris will focus on middle market private equity investments in healthcare and healthcare-related businesses primarily in North America. Francisco will focus on technology and technology-enabled solutions businesses primarily in North America and Europe.

The commitments are the second and third private markets commitments for the 2020 plan year for OP&F. The plan calls for five commitments to private markets of up to $20 million each. The OP&F Private Markets portfolio is valued at $1.35 billion, or 8.33 percent of the total portfolio. OP&F’s target for the asset class is 8.0 percent.


Posted 2/27/2020

Other News

No changes in health care process after sale of Aon Retiree Health Solutions
- Posted June 04, 2021
New videos help members connect to virtual appointments
- Posted June 03, 2021
OP&F Investment notes, May 2021
- Posted May 27, 2021
Public can attend May 26 OP&F Board meeting
- Posted May 20, 2021
Member’s Report Spring Newsletter now available
- Posted April 29, 2021
OP&F investment notes, April 2021
- Posted April 29, 2021
OP&F investment notes, March 2021
- Posted April 01, 2021
OP&F investment notes, February 2021
- Posted February 25, 2021
Beware of scam phone calls
- Posted February 15, 2021
OP&F investment notes, January 2021
- Posted January 28, 2021
Member’s Report Winter Newsletter now available
- Posted January 14, 2021
OP&F Trustee Moore recognized
- Posted January 06, 2021
2021 Direct deposit dates for benefit payments
- Posted December 23, 2020
Czack, Drum and Deal win terms on OP&F Board
- Posted December 21, 2020
Trustee election results announced by Dec. 21
- Posted December 04, 2020
Aon presenting special HRA webinars
- Posted December 04, 2020
OP&F investment notes, December 2020
- Posted December 03, 2020
Thank you, first responders
- Posted November 25, 2020
Trustee election ballots due back by Dec. 1
- Posted November 13, 2020
Proof of health care insurance letter
- Posted November 09, 2020
Be careful with your personal information
- Posted November 05, 2020
Pension funding status improves
- Posted October 28, 2020
Trustee election ballots go out Oct. 26
- Posted October 26, 2020
OP&F investment notes, October 2020
- Posted October 22, 2020
A reminder about DROP distribution deadlines for 2020
- Posted October 13, 2020
Pre-Retirement Webinar recording now available online
- Posted October 12, 2020
Study of health care fund shows improvement
- Posted October 08, 2020
Pre-Retirement webinars scheduled this week
- Posted October 05, 2020
OP&F Investment Notes, September 2020
- Posted October 02, 2020
OP&F again offering stipend increase for low-income households
- Posted October 01, 2020
Member's Report Fall Newsletter now available
- Posted September 30, 2020
Health care webinars Sept. 15-24
- Posted September 04, 2020
OP&F Investment Notes, August 2020
- Posted August 28, 2020
Rescheduled trustee election schedule approved
- Posted August 27, 2020
OP&F retirees taking advantage of extended reimbursement deadlines
- Posted August 03, 2020
Pre-Retirement meetings to be webinars this year
- Posted August 03, 2020
Member’s Report Summer Newsletter now available
- Posted July 29, 2020
2019 financial reports now available
- Posted July 14, 2020
OP&F Investment Notes, June 2020
- Posted June 18, 2020
Deadline to submit 2019 health care claims now Sept. 30
- Posted June 16, 2020