Ohio State Teachers' Retirement System, Columbus, renewed the contracts of general investment consultant Callan and alternatives consultant Cliffwater, said Nick Treneff, pension fund spokesman, in an email.
The $77.8 billion pension fund's board approved three-year renewals of the consultants' contracts that will expire June 30, 2021. Mr. Treneff said they are the final allowable renewals under the current agreements. He said the board will decide in 2021 whether to put the services up for bid with a request for proposal or work out new agreements. No RFP was issued in this case.
As of April 30, the pension fund's actual allocation was 28.7% domestic equities, 24.8% international equities, 15.7% core fixed income, 10% real estate, 8.1% opportunistic/diversified assets, 7.2% private equity, 4% liquid Treasury portfolio and 1.5% liquidity reserves.
Targets allocations are 29% domestic equities, 24% international equities, 17% core fixed income, 10% real estate, 8% opportunistic/diversified assets, 7% private equity, 4% liquid Treasury portfolio and 1% liquidity reserves.