Ohio Bureau of Workers' Compensation, Columbus, renewed the contracts of passive investment managers BlackRock, Mellon Capital Management, Northern Trust Global Investments and State Street Global Advisors, which run a total of $17.7 billion for the bureau's three funds, confirmed spokeswoman Melissa Vince.
The three-year contract renewals are effective Jan. 1 and were approved by the BWC board of directors at its Aug. 24 meeting,
The renewals cover all assets managed by the four managers for the bureau's State Insurance Fund, Disabled Workers' Relief Fund and Black Lung Fund, which have combined assets of $22.9 billion.
SSgA runs $5.8 billion in domestic fixed income for the State Insurance Fund; $1 billion in domestic fixed income and $304 million in domestic equities for the Disabled Workers' Relief Fund; and $245 million in domestic fixed income and $41 million in domestic equities for the Black Lung Fund.
BlackRock runs $4.2 billion in domestic fixed income and $1.7 billion in international equities for the State Insurance Fund, $128 million in international equities for the Disabled Workers' Relief Fund and $19 million in international equities for the Black Lung Fund.
Northern Trust and Mellon Capital run $2.9 billion and $1.4 billion, respectively, in domestic equities for the State Insurance Fund.
All asset figures are as of June 30.
