Ennis Knupp Associates has been appointed as retainer consultant to the $56bn Ohio Public Employees' Retirement System (OPERS).
Ennis Knupp was retained after assisting OPERS last year with its comprehensive review of its internal investment department. Independent Fiduciary Services (IFS) also participated in the review.
Ennis Knupp assessed the fund's overall asset allocation, investment strategies, and historical performance within each major asset class. IFS reviewed the fund's internal operations and accounting, staffing, and compensation.
OPERS is the 25th largest pension fund in the world. In the US, it is the 19th largest pension fund, out of both public and private funds. Founded in 1935, the fund provides retirement, disability, and survivor benefit programs for public employees throughout the state who are not covered by another state or local retirement system.
Currently, the OPERS has more than 500,000 members and over 119,000 retirees and surviving beneficiaries who receive monthly benefits. The System services approximately 3,700 public employers.
By Geoffrey Ho
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