Ohio State Highway Patrol Retirement System's investment committee recommended hiring William Blair & Co. to run $20 million to $25 million in active international growth equities, confirmed Mark Atkeson, executive director of the Columbus-based pension fund.
The hire is pending the vote of the $700 million pension fund's board of trustees at its Oct. 25 meeting, as well as contract negotiations, according to Mr. Atkeson.
An RFP was issued in June. The other finalist was OppenheimerFunds.
Funding comes from the April termination of Artio Global Investors, which ran a similar-style portfolio, for performance.
Investment consultant Hartland & Co. assisted.