Ohio Public Employees Retirement System, Columbus, boosted equity investments by $1.5 billion over the last four months through an internally managed Russell 3000 index fund, resulting in an unrealized gain of more than $100 million, said Neil V. Toth, director of investments.
The equity investments were part of the $48 billion system’s policy of rebalancing when the asset mix moves outside target ranges, Mr. Toth said.
"The retirement system took advantage of stock market weakness and attractive prices in late July, and more recently during the week of Oct. 8, to rebalance its asset allocation and add to its U.S. equity market holdings,” he said.
Funding came from cash and the sale of some internally managed domestic bonds.
