The Ohio School Employees Retirement System approved a new asset and strategy allocation that boosts the target allocation to hedge funds to 15% from 10%.
The system's investment consultant, Summit Strategies, conducted the study with the expectation that the changes will enhance portfolio returns and reduce portfolio volatility. In addition the move will provide more diversification in the fund, according to Tim Barbour, communications coordinator at the Ohio School Employees Retirement System. Funding for the additional 5% in hedge funds is expected to come from equities.
Trustees have authorised