Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Fee savings not enough for CIO Paul Greff to continue effort to enlist newcomer firms.
Deputy CIO replaces Rick Shafer who is retiring.
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.