Ohio State Highway Patrol Retirement System, Columbus, committed $25 million to Standard Life Global Absolute Return Strategies Fund, a multiasset fund managed by Standard Life Investments, said Dennis Smith, chief investment officer.
The $859 million pension fund issued an RFP in November for a tactical asset allocation manager, the first such investment for the pension fund, based on the recommendation of consultant Hartland & Co.
Other finalists were Grantham, Mayo, Van Otterloo & Co. and Winton Capital Management.
