US - Judith Fisher has left the board of the US$65bn State Teachers' Retirement System of Ohio (STRS Ohio) after two years, citing personal reasons.
Fisher (pictured) was appointed to the board by the Ohio governor in 2004, and the governor’s office will now be responsible for appointing her successor.
STRS Ohio also announced its preliminary results for the year ending June 30, 2006, posting strong returns of 13.6% over that period. That translated into an approximate $6bn increase in assets.
The current asset allocation of STRS Ohio includes 42% in domestic equities, 26% international equities and 21% in fixed income. The fund also has 8% allocated to real estate and a further 3% to alternative investments.
By Damian Clarkson
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.