Ohio Bureau of Workers' Compensation, Columbus, hired ING Investment Management, Janus Capital Group and William Blair & Co. to run $150 million each in active domestic midcap growth equities for its $22.5 billion state insurance fund, confirmed spokeswoman Melissa Vince.
The hires are the result of a new target allocation to active domestic midcap equities approved by the board in January 2012. The target of 5.5% is split into 2% each to value and growth, and 1.5% to core.
R.V. Kuhns & Associates assisted.
Separately, the bureau renewed R.V. Kuhns' contract for an additional year. The initial 27-month contract was due to expire on June 30. The renewal extends the contract through June 30, 2014.
The bureau also renewed transition management services agreements with BlackRock Institutional Trust, Russell Implementation Services and State Street Bank & Trust for an additional two years ending June 30, 2015.