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Ohio plans $2bn HF investment, seeks risk system

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The Ohio Public Employees’ Retirement System is preparing for the addition of hedge funds as it begins the search for a total fund multi-asset class and/or hedge fund risk management system.

The $76 billion pension plan currently uses holdings-based risk models from MSCI Barra and Barclays Capital for portfolio management and risk management purposes within the global equity and fixed-income asset classes.

According to the 2011 investment plan, trustees will be adding hedge funds to its portfolio this year and there are plans to hire a hedge fund analyst. The programme will total approximately $2 billion, with a