Institutional Investors

Ohio PERS boosts macro allocation with $120m to COMAC

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The Ohio Public Employees Retirement System (Ohio PERS) is planning to add more hedge fund managers in the second and third quarters of this year, and the most recent hire was COMAC.

The hiring of COMAC increased the $73 billion pension fund’s externally managed hedge fund allocation to $1.88 billion, according to Mike Pramlik, spokesman for Ohio PERS. The asset allocation for hedge funds was recently increased to 6% from 3% of the overall portfolio.

COMAC has been attracting institutional capital with other recent mandates coming from New York State Common Retirement Fund and Texas Tech University endowment.