Police and Firemen's Disability & Pension Fund of Ohio, Columbus, will...

Police and Firemen’s Disability & Pension Fund of Ohio, Columbus, will review its $1 billion U.S. small-cap equity portfolio, which is split among five managers, and its $2.9 billion domestic fixed-income portfolio. The reviews will take place sometime this year, said Allen Procter, executive director of the $8.2 billion fund. Separately, the fund hired its first emerging markets managers, part of a restructuring of its $790 million international portfolio. Capital International will run $150 million; Scudder, $250 million. Funding will come from rebalancing an overweighting in domestic stocks and bonds, he said. The pension fund also is moving to core EAFE mandates from regional ones. Trustees eliminated a $60 million Pacific Basin equity portfolio managed by Scudder, and switched Lombard Odier’s $160 million European portfolio to a core EAFE one. Smith Barney and Cap Guardian’s discretion to invest in emerging markets was removed. The firms will continue to manage their $110 million and $120 million portfolios, respectively, in EAFE mandates.