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Ohio Bureau of Workers’ Compensation sticks with BlackRock, SSgA

Ohio Bureau of Workers’ Compensation, Columbus, rehired State Street Global Advisors to manage $3.9 billion and BlackRock (BLK) to run $1.1 billion in passive strategies for three of its funds, Melissa Vince, spokeswoman, said in an e-mail.

The bureau issued an RFP in June because SSgA and BlackRock’s contracts were set to expire on Sept. 30. SSgA will manage $2.1 billion in passive U.S. Treasury inflation-protected securities and BlackRock will manage $1.1 billion in passive domestic long-duration government fixed income for the $23.7 billion State Insurance Fund.

SSgA will also run $565 million in passive domestic long-duration government/credit fixed income, $555 million in passive U.S. TIPS and $345 million in passive domestic all-cap equities for the $1.6 billion Disabled Workers’ Relief Fund II.

For the $344 million Coal Workers Pneumoconiosos Fund, SSgA will maange $134 million in passive U.S. TIPS, $133 million in passive domestic aggregate fixed income and $52 million in passive domestic all-cap equities

There were no other finalists.

Investment consultant RVK assisted.