Updated with correction
Ohio Bureau of Workers’ Compensation, Columbus, will vote later this month to renew contracts with State Street Global Advisors for the $4.1 billion in passive equity and fixed-income portfolios it manages for three funds the board oversees, spokesman Tony Gottschlich said.
The board at its July 26 meeting will vote whether to approve renewing the contracts for three years; the new expiration date would be Sept. 30, 2022.
SSGA manages $2.3 billion in passive U.S. Treasury inflation-protected securities for the $24.6 billion State Insurance Fund; $620 million in passive U.S. long-duration government/credit fixed income, $600 million in passive U.S. TIPS and $337 million in passive domestic equities for the $1.7 billion Disabled Workers’ Relief Fund II.
SSGA also manages $149 million in passive U.S. TIPS, $147 million in passive domestic aggregate fixed income and $49 million in passive domestic equities for the $374 million Coal Workers Pneumoconiosis Fund.