Ohio State Teachers’ Retirement System, Columbus, is conducting an asset-liability study of the $62.6 billion system, confirmed spokesman Nick Treneff in an e-mail.
Callan Associates, the system’s investment consultant, expects to complete the study in December. The system conducts such a study every five years.
The system’s board hasn’t asked Callan to look at any specific asset class changes but would be open to consider recommendations Callan makes in the study, Mr. Treneff wrote.
The system’s current target allocation is 39% domestic equities, 23% international equities, 18% fixed income, 10% real estate, 9% alternative investments and 1% cash.
Actual allocations as of Aug. 31 were domestic equities, 37.8%; international equities, 20.7%; fixed income, 18.1%; alternative investments, 9.8%; real estate, 8.5%; and cash, 5.1%.
