Ohio Public Employees advances with investment consultant selection

The $94.1 billion Ohio Public Employees Retirement System (OPERS) is moving forward in its selection of a new investment consultant, according to a meeting agenda dated Aug. 18.

Paul Greff, director of investments for OPERS, noted the contracts for the board’s two current investment advisors, NEPC and AHIC, are set to expire on April 30, 2021. The board was mulling whether to keep two consultants or reduce to a single consultant going forward, and decided to go forward with only one.

IREI understands both firms are still eligible to bid.

As of June 30, 2019, the most up-to-date asset information, OPERS’ $10.5 billion in private alternative assets were diversified across closed-end private real estate and private equity assets.