Ohio School Employees Retirement System, Columbus, invested a total of $110 million in two hedge funds, spokesman Tim Barbour said in an e-mail.
The $12.4 billion pension fund invested $50 million in Oceanwood Global Opportunities Fund, an event-driven, multistrategy fund managed by Oceanwood Capital Management.
The pension fund also invested $60 million in Redwood Offshore Fund, an event-driven, diversified value, short-term, opportunistic fund managed by Redwood Capital Management.
The allocations are part of the pension fund's multiasset strategies portfolio.
As of April 30, the pension fund's actual allocation to multiasset strategies was 12% and its target 13%.
Separately, the pension fund committed $50 million to PRISA II, a core-plus real estate fund managed by Prudential Real Estate Investors. The allocation is part of the pension fund's real assets portfolio, which had an actual allocation of 10.6% and target allocation of 12% as of April 30.