Ohio School Employees Retirement System, Columbus, hired Schroders to manage $30 million in its diversified growth strategy, said Tim Barbour, pension fund spokesman, in an email..
The $14.5 billion pension fund's board approved the hiring at its meeting Sept. 20. Funding comes from cash.
As of June 30, the pension fund's actual allocation to multiasset strategies was 8.3%; the target is 10%.
