Ohio Bureau of Workers' Compensation, Columbus, renewed the contracts of 16 money managers that run a total of $5.45 billion, spokeswoman Melissa Vince said in an e-mail.
The bureau, which oversees a total of $25.3 billion in state insurance fund assets, approved the renewals at its Dec. 16 board meeting. No RFPs were issued.
The bureau renewed the contract of passive domestic equity manager Mellon Capital Management, which runs $3 billion, for a new three-year term ending Jan. 31, 2020. The previous contract was set to expire Jan. 31, 2017.
Also, the bureau renewed the contracts of 13 active domestic equity managers for a new three-year term ending Jan. 31, 2020. The previous contracts were set to expire Jan. 31, 2017. The managers are:
- Midcap growth managers Janus Capital Management (JNS), Voya Investment Management and William Blair & Co., which run $298 million, $192 million and $180 million, respectively;
- Midcap value managers Barrow, Hanley, Mewhinney & Strauss; Sasco Capital; and Systematic Financial Management, which run $234 million, $174 million and $176 million, respectively;
- Midcap core managers The Boston Co. Asset Management, Champlain Investment Partners and EARNEST Partners, which run $174 million, $155 million and $149 million respectively;
- Small-cap growth managers Cortina Asset Management and Stephens Investment Management Group, which run $100 million and $104 million respectively; and
- Small-cap value managers Epoch Investment Partners and Frontier Capital Management, which run $113 million and $122 million respectively.
The bureau also renewed the contracts of minority- and women-owned active domestic equity managers of managers Attucks Asset Management and Leading Edge Investment Advisors for a two-year term ending Jan. 31, 2019. The previous contract was set to expire Jan. 31, 2017. Attucks and Leading Edge run $138 million and $145 million, respectively.
Investment consultant RVK assisted.