Investors - DECEMBER 16, 2016

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Townsend to assist Ohio P&F with new real assets allocation

by Jody Barhanovich

The Townsend Group will assist the $14.4 billion Ohio Police and Fire Pension Fund with its new real assets allocation, according to a Dec. 14 board-meeting document.

In November, the pension fund approved converting its timber allocation to a real assets allocation consisting of timber, infrastructure and agriculture. The target allocation for real assets will be 5.0 percent of the total portfolio.

In addition, OP&F has approved its 2017 real estate investment plan after a recommendation from Townsend. The investment plan for 2017 did not include specific dollar amounts targeted for investment in the coming year, but set recommendations to achieve the desired balance between the strategic and tactical portions of the real estate portfolio as it moves toward the full 12 percent target allocation. Currently, OP&F’s real estate portfolio is valued at $1.56 billion, or 10.9 percent of the total portfolio.

OP&F has committed $197.5 milli

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