Ohio Bureau of Workers' Compensation, Columbus, hired six emerging managers as part of its search for 25 to 30 emerging managers for its $19.5 billion insurance fund, said Robert G. Cowman, CIO.
The other emerging managers have been selected, but their hirings are pending the negotiation of contracts. In all, approximately $500 million will be allocated to the emerging managers or small young firms.
The six firms are all small-cap equity managers. They are: daruma, with an assignment of $10 million; Cordillera, $10 million; Great Northern, $30 million; JMC, $25 million; Opus, $10 million; and ZPR, $10 million.
The searches were done in-house without the use of a consultant.