US - The Ohio Public Employees Retirement System board has approved the addition of a new asset class to cover investments that fall outside of the traditional asset classes set out in the fund's investment strategy.
The “opportunistic” asset class will be established with a target allocation of 1%, or US$500m (e387.7m), of the US$59bn (e45.7bn) fund’s defined benefit pension plan with a 2% cap. Investments ...
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