Institutional Investors

Ohio PERS hires consultant for $2bn portfolio


The Ohio Public Employees’ Retirement System (PERS) is preparing for the addition of hedge funds as it selected Hewitt/EnnisKnupp to be its alternatives consultant and begin the search for a total fund multi-asset class and/or hedge fund risk management system.

The $76 billion pension plan in 2010 the board approved a revision of the asset allocation of the pension fund that included an increase to alternatives including hedge funds, private equity and real estate. In March, the board of trustees chose NEPC to be its general investment consultant.

Ohio PERS currently uses holdings-based