Ohio School Employees Retirement System, Columbus, made three new allocations totaling $150 million, said Tim Barbour, pension fund spokesman in an email.
The $14.3 billion pension fund committed $50 million to Almanac Realty Securities VIII, a non-core real estate fund managed by Almanac Realty Investors. The pension fund previously committed $75 million to Almanac Realty Securities VII in 2015. The commitment falls within the pension fund's real assets allocation.
The pension fund also committed $50 million to Barings Asset-Based Income Fund, which focuses investment in infrastructure, intangible assets, natural resources and capital assets. The commitment falls within the pension fund's opportunistic and tactical allocation.
Finally, the pension fund's board hired BNY Mellon unit Mellon Capital Management to run $50 million in an enhanced domestic large-cap equity strategy. Funding comes from cash.
Separately, SERS announced a preliminary net return of 9.17% for the fiscal year ended June 30, Mr. Barbour said. The pension fund exceeded its primary benchmark by 90 basis points, he said.