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Showing posts from August, 2013

August Board News

(The text below is reprinted from the news release by STRS on 08/16/2013.)

STRS Ohio Posts +13.7% Total Fund Return in Fiscal Year 2013 At the August meeting of the State Teachers Retirement Board, Investment Department staff reported that the total fund return for the year ending June 30, 2013, was +13.7%, and the market value of assets at fiscal year end was $68.0 billion. The strong return for fiscal year 2013 exceeded the fund’s assumed actuarial return of 7.75%.

All asset classes beat their benchmarks during the fiscal year except for domestic equities. The total fund return trailed the total fund benchmark for only the second time in the past 11 years.
STRS Ohio’s 2014 Investment Plancalls for only moderate growth in the capital markets in fiscal year 2014.
Fiscal 2013 0perating Expenses Total $4.7 Million Under Budget Final figures for fiscal year 2013 show that STRS Ohio’s total operating expenditures were approximately $4.7 million less than budgeted for the year. Less than expecte…