Ohio Schools invests for market cycles, not political ones
Tue Jul 5, 2011
Hedge fund assignments grow at the public pension fund regardless of funding challenges
By Ann C. Logue
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
ISSN: 2151-1845 / CDC10004H
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