Ohio School Employees Retirement System, Columbus, hired Duncan-Hurst Capital Management and Suffolk Capital Management each to manage a $50 million active domestic small-cap growth equity portfolio, a new allocation, said Doug Sisson, chief investment officer for the $8.7 billion pension fund.
Funding comes from a passive domestic small-cap equity portfolio managed by State Street Global Advisors, which will keep $250 million in the account.
The fund also hired Foreign & Colonial Emerging Markets to manage a $50 million emerging market portfolio. Funding will come from a passive international equity portfolio also managed by SSgA, which will be left with $800 million after the transaction.
The reallocations are intended to further diversify the funds assets, said Mr. Sisson.