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Investors - MARCH 22, 2016

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Ohio PERS rehires two consultants

by Zoë Wolff

The $88.9 billion Ohio Public Employees Retirement System has rehired NEPC as its general investment consultant and Aon Hewitt as its alternatives consultant, according to spokesman Michael Pramik.

The pension fund issued an RFP in September 2015 in anticipation of both firms' contracts ending April 30 of this year. The new contracts will be for three years, with an option for two one-year extensions.

The general consultant will handle asset allocation, investment policies and investment implementation matters, while the alternatives consultant advises the board on hedge funds, private equity and real estate investments.

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