Ohio School Employees Retirement System, Columbus, rehired Aksia as hedge fund consultant for the $10.6 billion plan, confirmed Tim Barbour, a fund spokesman, in an e-mail.
Trustees accepted the recommendation of investment staff to renew Aksia’s contract for five more years, Mr. Barbour wrote.
Aksia was first hired to provide hedge fund consulting services in 2007 under a three-year contract with two optional one-year extensions, according to a memo to the retirement board from the hedge fund consultant search team that was obtained by P&I Daily. In February, the retirement board extended Aksia’s contract to Dec. 31.
The other two finalists were Cliffwater and Albourne Partners. “All three firms exhibited solid qualifications but Aksia was considered to be better positioned to serve SERS’ needs at this time.” Mr. Barbour said in his e-mail.
OSERS’ hedge fund assets totaled $1.4 billion as of June 30.