OP&F News

OP&F Investment notes, April 2022

Notes from the Investment Committee meeting on April 26 and 27, 2022

Portfolio value:

The OP&F portfolio was valued at $18.14 billion as of April 26

OP&F commits up to $80 million to infrastructure fund.

OP&F’s Board approved a recommendation from its real assets consultant, Townsend, to invest up to $80 million iCON Infrastructure Partners VI. The commitment is the first of 2022 to the OP&F Real Assets portfolio. The targeted commitment range for closed-end real assets funds in 2022 is $120 million to $200 million and up to $150 million to open-end real assets funds. OP&F’s total real assets portfolio is valued at $762.5 million, or 4.0 percent of the total portfolio. The Real Assets target for OP&F is 8.0 percent.

iCON Infrastructure Partners VI will invest in diversified infrastructure facilities, power & utilities and transportation among other opportunities, in Europe and North America. OP&F has previously invested in iCON Infrastructure Partners V.

$50 million committed to Fairfield US Multifamily Core Plus Fund II

OP&F’s Board approved a recommendation from real estate consultant, Townsend, to invest up to $50 million to Fairfield US Multifamily Core Plus Fund II. The commitment is the second of 2022 to the tactical portion of the OP&F real estate portfolio. The targeted commitment range for the tactical portfolio in 2022 is $140 million to $200 million and this commitment brings the year’s total to $100 million. OP&F’s total real estate portfolio is valued at $1.9 billion, or 9.9 percent of the total portfolio.

Russian divestment update

OP&F continues in its divestment from Russia as quickly as possible while keeping with the fund’s fiduciary duty, per a directive from the Board of Trustees. As of April 25, the value of direct holdings in Russia remains $3.9 million. The overall exposure has decreased to $9.69 million (an 84% decrease from the original amount).

Since the beginning of the Ukraine crisis, OP&F managers have been under a directive to not purchase any Russian holdings. OP&F continues to be responsible to our fiduciary duty, responsibly divesting these assets as opportunities arise.

Posted 4/28/2022

Other News

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- Posted May 16, 2022
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- Posted May 13, 2022
Members Report Spring Newsletter Now Available
- Posted May 06, 2022
OP&F Investment notes, April 2022
- Posted April 28, 2022
OP&F Investment notes, March 2022
- Posted March 31, 2022
Russian divestment update
- Posted April 28, 2022
OP&F Investment notes, January 2022
- Posted January 27, 2022
Testimony provided for HB 512
- Posted April 04, 2022
Members Report Winter Newsletter Now Available
- Posted January 24, 2022
Helpful tips for printing your 1099-R
- Posted January 21, 2022
2022 Direct deposit dates for benefit payments
- Posted January 03, 2022
OP&F recommends five-year pilot program to help first responders with posttraumatic stress
- Posted December 16, 2021
Aon to host webinars on Health Reimbursement Arrangement
- Posted December 07, 2021
OP&F pre-Medicare retirees county listings
- Posted December 02, 2021
OP&F helps introduce Public Safety Pension Modernization Act - House Bill 512
- Posted December 02, 2021
OP&F investment notes, December 2021
- Posted December 02, 2021
Pre-65 Members in the OPEN HRA: Solidarity Health providing ACA approved plans for this open enrollment
- Posted November 19, 2021
IRS Delays New Form W-4P until 2023
- Posted November 17, 2021
Member’s Report Fall Newsletter now available
- Posted November 03, 2021
Funding status improves according to independent actuarial report
- Posted November 01, 2021
OP&F Investment notes, October 2021
- Posted October 28, 2021
OP&F’s continued efforts for members on HELPS Act exclusion
- Posted October 22, 2021
OP&F investment notes, September 2021
- Posted October 04, 2021
OP&F Pre-Retirement Webinars 2021
- Posted October 08, 2021
Health care webinars Sept. 15-24
- Posted September 13, 2021
OP&F hosts flag raising ceremony on 9/11 anniversary
- Posted September 07, 2021
OP&F investment notes, August 2021
- Posted August 26, 2021
Danish named General Counsel for OP&F
- Posted August 18, 2021
Member’s Report Summer Newsletter now available
- Posted July 29, 2021
2020 financial reports now available
- Posted July 01, 2021
OP&F investment notes, June 2021
- Posted July 01, 2021
OP&F Names Foley Executive Director
- Posted June 30, 2021
Public can attend June OP&F Board meetings
- Posted June 18, 2021
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