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Showing posts from January, 2015

December Board News

(The text below is reprinted from the news release by STRS on 12/19/14.) CEM Benchmarking Report Shows STRS Ohio leads Peers with Lowest Investment Costs, Highest Five-Year Net Return At the December meeting of the State Teachers Retirement Board, the board reviewed the results of a recent investment benchmarking study that showed the pension fund’s investments performed favorably compared to its peer group. CEM Benchmarking, a leading global research company, conducted the study that compared investment data for the five-year period ending Dec. 31, 2013, from 16 large U.S. public fund sponsors. This year’s report showed that STRS Ohio’s total investment costs were the lowest among the peer group, primarily due to STRS Ohio’s use of internal investment managers. According to the report, STRS Ohio saved about $101 million by using internal managers for about 75% of the system’s assets. The savings is based on the peer group’s median external management costs. The report also provided perf…