Ohio Public Employees Retirement System, Columbus, increased its target allocations to hedge funds, global high-yield and emerging markets debt, and created a new internally managed credit portfolio, spokesman Michael Pramik said Monday.
The $76 billion system's board on Jan. 18 increased its hedge fund allocation to 6% from 3%; increased emerging markets debt to 3% from 2%; increased global high-yield debt to 1.5% from 1%; and allocated 0.5% to a new internally managed credit portfolio, according to an e-mail from Mr. Pramik.
The increases are being funded by a 5% reduction in domestic equities.
Mr. Pramik did not have further information by press time.
