The Ohio Bureau of Workers' Compensation's investment and oversight committees are scheduled to vote July 20 on a new asset allocation recommended by consultant Wilshire Associates that would shift the $16 billion fund's allocation to 80% fixed income and 20% equities. Fund officials last October moved all the fund's assets into passive fixed income, other than $439 million in private equity.
The bureau is searching for a transition manager to help with the shift into equities, said Jeremy Jackson, bureau spokesman. No timetable for selection has been made. Wilshire is assisting.
