US - The Ohio Public Employees Retirement System (OPERS) has ditched Ennis Knupp & Associates who had been its consultant for six years in favour of Mercer Investment Consulting.
Ken Thomas, chairman of OPERS Board of Trustees, said: “Mercer’s global presence and deep resources would support OPERS’ goal of achieving the best risk-adjusted performance.”
Thomas said Mercer would provide consulting services for the pension and health care funds and the defined contribution (DC) fund belonging to OPERS, which together totalled more than US$80bn in assets.
Mercer will begin providing consulting services July 1, pending successful completion of contract negotiations.
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