Investors - MARCH 30, 2017

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Ohio P&F commit up to $50m to U.S. real estate fund

by Jody Barhanovich

The $14.8 billion Ohio Police & Fire Pension Fund has committed up to $50 million to John Hancock U.S. Real Estate Fund, according to spokesman John Graham. The allocation was approved after a recommendation from the pension fund’s consultant, The Townsend Group.

John Hancock U.S. Real Estate Fund is a core-plus open-end real estate fund that will invest in apartment, office and industrial properties in large U.S. markets.This is OP&F’s first commitment in 2017, and it is included in the pension fund’s plan that calls for new commitments of $120 million to $170 million to be allocated during the year.

In additional news, OP&F approved the recommendation from its investment staff and Townsend to adopt a real assets investment policy. The policy calls for real assets to have a target allocation of 5 percent of the total portfolio.

The real assets allocation will consist of infrastructure (40 percent to 70 percent), timber (20 percent to 50 percen

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