Institutional Investors

Ohio PERS considers direct investments

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The Ohio Public Employees' Retirement System is expanding its hedge fund horizons in its annual investment plans with an increase in alternatives and decrease in US equity investments.

Officials have not decided on an exact amount to allocate directly to hedge funds, although they do plan to grow the port-folio this coming year. Assisting in that process will be the latest addition to the system, John Lane, who joins as director of investments.

Prior to joining Ohio PERS, Lane served as director of pension investments worldwide at Eastman Kodak Company;