Ohio Bureau of Workers' Compensation, Columbus, renewed contracts with four active domestic core-plus fixed-income managers that run a total of about $4.4 billion for the $25.7 billion State Insurance Fund.
The bureau's board of directors at its Feb. 28 meeting approved the second contract renewal option for Loomis Sayles & Co., J.P. Morgan Asset Management, PGIM Fixed Income and TCW Group through March 31, 2022, recently released minutes showed.
The managers each run about $1.1 billion, according to the minutes.
They were originally hired in October 2014 following the board's decision to move its prior core-plus fixed-income portfolio to active from passive management, previously managed by State Street Global Advisors.
Investment consultant RVK assisted.
Tony Gottschalk, BWC spokesman, could not immediately provide further information.
