Ohio School Employees Retirement System, Columbus, made two direct investments in hedge funds totaling $90 million, confirmed spokesman Tim Barbour.
The $11.4 billion pension fund invested $50 million in Ellis Lake Domestic Fund, managed by Ellis Lake Capital, and $40 million in Invesco Balanced-Risk Allocation strategy.
Hedge fund consultant Aksia assisted.
Separately, the investment staff informed board members at their April 19 meeting that the staff is considering expanding the retirement system's allocation to real estate to include infrastructure investments for the first time. The pension fund is currently undergoing an asset allocation study.
The staff is proposing to change the name of the real estate allocation to real assets to reflect the inclusion of infrastructure. Mr. Barbour said in a telephone interview that it's too early to tell whether there would be any RFPs issued for infrastructure if the asset class is added.
