Ohio Bureau of Workers’ Compensation, Columbus, could be searching for new managers soon after the $16.5 billion fund approved a new asset allocation that increases its equity portfolio.
The new allocation is 70% bonds and 30% equities and replaces its previous 80% bond/20% equity mix, confirmed spokeswoman Melissa Vince.
The change comes after a yearlong study by investment consultant Mercer.
Details of any future RFPs have not been decided.
