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Oklahoma Law Enforcement Retirement System Annual Report to Members June 30,2011 Letter From the President of the Board of Trustees The Honorable Mary Fallin Governor of Oklahoma Dear Governor Fallin: The Board of Trustees is proud to present the Sixty Fourth Annual Report of the Oklahoma Law Enforcement Retirement System. This report is furnished in accordance with 47 O.S. 1991, Section 2-303.1, as amended. The Board's consulting actuary, Buck Consultants, has completed the annual actuarial report, and the Board's independent accountant, Finley & Cook PLLC, has completed the annual audit and issued an unqualified opinion. Both reports are available for review at the retirement system office and online. The last fiscal year was good to our fund. We had an investment return of 21.8%. The Board of Directors have made minor changes to our Asset Allocation to be more diversified in our investments. The Board continues to be very prudent in their decisions determining the actions of the System. Should you have any questions concerning the Oklahoma Law Enforcement Retirement System or this report, please contact the Executive Director or any of the members of the Board of Trustees. Respectfully Submitted, Roy Rogers President of the Board of Trustees Printed by the Central Printing Division of the Oklahoma Department of Central Services and issued by the Board of Trustees of the Oklahoma Law Enforcement Retirement System as authorized by Ginger Poplin, Executive Director, 2,300 copies have been printed at a cost of $305. Copies have been deposited with the Publications Clearinghouse of the Oklahoma Department of Libraries. Mission Statement The OLERS mission is to administer retirement/survivor retirement and medical benefits for members of the law enforcement profession of the state of Oklahoma and their families under title 47 of the Oklahoma Statutes. This program provides retirement income after active employment and in the event of disability or death. Board of Trustees, June 30, 2011 Roy Rogers, President of the Board Retired Member, Appointee # 2 of the Governor Kourtney Heard, Secretary of the Board Oklahoma State Bureau of Investigation Kendall Johnson, Member Member # 2 of the Oklahoma Highway Patrol Division Jason Matheson, Member Communications Division of the Department of Public Safety Brent Fairchild, Member Oklahoma Alcoholic Beverage Laws Enforcement Commission Renda Reese-Davis, Member Appointee # 1 of the Governor Mark Walters, Member Member # 1 of the Oklahoma Highway Patrol Division Thomas Alfred Dearmon, Jr., Member Appointee # 3 of the Governor Donald Jackson, Member Appointee by Speaker of the House of Representatives Jim Laurick, Member Appointee by Senate President Pro Tempore Brenda Bolander, Member State Finance Director Designee Member by Statute or his Designee Todd Blish, Member Commissioner of Department of Public Safety Designee, by Statute R. Darrell Weaver, Member Oklahoma State Bureau of Narcotics and Dangerous Drugs Control L 900.3 A615 2010/11 c.l Investment Managers Domestic Equity Managers: Hotchkis & Wiley, Large Cap Equities, Los Angeles, California Waddell and Reed, Large Cap Equities, Overland Park, KS Kennedy Capital Management, Small Cap Equities, St Louis, Missouri Columbus Circle, Small Cap Equities, Stamford, CT Grosvenor Capital Management, Global Long/Short Equities Chicago, Illinois The Northern Trust Investments, Chicago, Illinois International Equity Managers: Mondrian International Equity Fund, L.P., Philadelphia Pennsylvania Artio Global Investment Funds, LLC, New York, New York Domestic Fixed Income Managers: The Northern Trust Investments, Chicago, Illinois TCW Asset Management Company, Los Angeles, California Real Estate: RREEF America REIT II, Chicago, Illinois Private Equity: American Private Equity Mgmt, L.L.C., Ft Worth, Texas Knightsbridge Venture Capital VI, Bartlesville, Oklahoma Advisors and Consultants: The Northern Trust Company, Custodian Bank, Chicago Illinois Buck Consultants, Consulting Actuary, Dallas, Texas Asset Consulting Group, Inc., Investment Consultant, St. Louis, Missouri Davis Graham & Stubbs, LLP, Attorneys at Law, Denver, Colorado Phillips McFall McCaffrey McVay & Murray, P.C., Attorneys at Law, Oklahoma City, Oklahoma 2011 OKLAHOMA LAW ENFORCEMENT RETIREMENT SYSTEM 64th ANNUAL REPORT State of Oklahoma 421 NW 13th Street, Suite 100 OKLAHOMA CITY, OKLAHOMA 73103 1-405-522-4931 1-877-213-0856 FAX 1-405-522-5004
|Okla State Agency||
Law Enforcement Retirement System, Oklahoma
|Okla Agency Code||
|Title||Annual report, 2010/11, 64th|
Oklahoma Law Enforcement Retirement System.
|Purpose||Fiscal Year 2011 was a great year for the System. As the System accounts for its investments at market value, increases and declines in the prices of stocks and bonds have a direct effect and impact on the operating results of the System. The System's net yield on its average assets was approximately 21.8%, while the total assets increased by approximately $110.6 million for the fiscal year 2011.|
|For all issues click||L900.3 A615|
|Digital Format||PDF, Adobe Reader required|
|ODL electronic copy||Deposited by the agency in print; digitized by Oklahoma Department of Libraries|
|Rights and Permissions||This Oklahoma state government publication is provided for educational purposes under U.S. coyright law. Other usage requires permission of copyright holders.|