Institutional Investors

Ohio SERS begins to rebalance $500m hedge fund portfolio


The Ohio School Employees’ Retirement System has announced plans to rebalance $500 million in its hedge fund portfolio over the next two years.

The $11 billion school employee fund’s investment staff announced the hedge fund rebalancing effort in October, but officials will proceed slowly because they are beginning an asset/liability study with the results due early in 2013, according to Tim Barbour, spokesman for the retirement fund. The results of the study are expected to help define the project.

The aim of Ohio SERS rebalanced hedge fund portfolio will be to generate absolute returns with low volatility and