Ohio Public Employees' Retirement System, Columbus, hired six managers to run a total of $1.1 billion in active international developed and emerging markets equities, confirmed spokesman Michael Pramik in an e-mail.
The $73 billion system hired three managers to run a combined $700 million in active international small-cap equities. AQR Capital Management and Franklin Templeton will run $300 million each, and Copper Rock Capital Partners Partners will run $100 million.
Three other managers will handle a total of $400 million in active emerging markets small-cap equities. Dimensional will run $200 million; Wasatch Advisors, $125 million; and LSV Asset Management, $75 million.
Funding comes from the system's internally managed MSCI ACWI ex-U.S. index fund and an active emerging markets small-cap equity portfolio run by Acadian Asset Management. Acadian continues to run $300 million in that portfolio, according to Mr. Pramik.
The hirings are a portion of a $4.2 billion search announced last August as part of the implementation of a new asset allocation strategy approved in the summer of 2009.
General consultant NEPC assisted.
Separately, the system committed $120 million to COMAC Global Macro Fund. Hedge fund consultant Cliffwater assisted.
