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Pension Funds

Milwaukee County Employees puts OFI on watch

Milwaukee County Employees' Retirement System placed OFI Global Asset Management on watch for organizational reasons, recently released board meeting minutes said.

The $1.7 billion pension fund's board, in placing the manager on "alert," cited the departure of a portfolio manager from OFI, which runs $55 million in active emerging markets equities for the pension fund. OFI has returned 14% year-to-date as of May 24, compared to its 13.9% benchmark, according to the minutes.

Investment consultant Marquette Associates assisted.

Amy Pechacek, interim director - retirement plan services, could not be immediately reached to provide further information.