Ohio Schools invests for market cycles, not political ones

Tue Jul 5, 2011

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Hedge fund assignments grow at the public pension fund regardless of funding challenges


By Ann C. Logue

Phil Roblee
The board and management of the School Employees Retirement System of Ohio (Ohio SERS) are working hard within tight circumstances. Ohio's governor, John Kasich, took office in January of this year and has made reform of the public-employees unions a key part of his platform. He has proposed changing the contribution formulae, causing much consternation among workers and retirees.

No matter what happens at the Columbus statehouse, Ohio SERS continues to meet its obligations through a sophisticated investment programme that includes an allocation to hedge funds that was added in 2008 and increased in 2010. This has been providing the pension plan with improved return and reduced risk in a tough economic environment.

Whether or not Kasich succeeds, Ohio SERS will keep its charge to serve its 126,015 members and 66,127 beneficiaries who received $999 million in pensions at the end of its 2010...

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