Ohio Police & Fire Pension Fund, Columbus, added $35 million to Forest Investment Associates' timber portfolio, giving the manager a total of $135 million, spokesman David Graham said.
The $14.2 billion pension fund originally hired Forest Investment in January 2012 as its first timber manager. The pension fund has a 2% target to timber and an actual allocation of 1.1%, Mr. Graham said.
Real estate consultant The Townsend Group assisted.
