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MONEY MANAGEMENT

Ohio Bureau of Workers’ Compensation renews contracts totaling $5.45 billion

A collection of U.S. $1 bills.

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:

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.