US - Kathy Harrell has been named to fill the vacant position on the Ohio Police & Fire Pension Fund (OP&F) board of trustees.
Harrell, a member of the Cincinnati Police Department, will begin her term as one of two active police officer representatives at the board’s meetings until June 1, 2007.
Harrell has worked for Cincinnati since 1987 and has experience representing and working for police officers through her position as union president of Fraternal Order of Police Queen City Lodge #69.
In earlier news, fund announced it would pump US$25m into real estate and changing its private equity benchmark.
The $10bn fund announced it will be making a $25m investment into Westbrook real estate fund VII on the recommendation of its real estate consultant Townsend Group.
Acting on the advice of it investment consultant, Wilshire Associates, OP &F also changed its private equity performance benchmark to the Wilshire 5000 +300 basis points.
At the end of August, the fund almost reached the $11bn mark, after falling long-term interest rates provided some relief to stocks.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
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