Ohio Public Employees Retirement System bumps up real estate allocation

The Ohio Public Employees Retirement System (OPERS) has voted to increase its real estate allocation from 10 percent to 12 percent.

As of April 10, the actual allocation was at 12.5 percent.

In December, the pension fund reported it was considering the changes to its investment allocation. The board, along with its investment consultant and staff, periodically review the proposed allocation for the investment portfolio. These periodic reviews typically occur every three to five years or after a major market adjustment. The last asset-liability study for the pension portfolio was completed in March 2019.

OPERS’ real estate composite has a market value of $11.6 billion.