Ohio Bureau of Workers' Compensation, Columbus, hired J.P. Morgan Asset Management, Loomis Sayles & Co., Prudential Financial and TCW Group to run about $725 million each in active domestic core-plus fixed income for the $24 billion state insurance fund, said Melissa Vince, spokeswoman.
The bureau issued an RFP in January following the decision to move the entire $2.9 billion core-plus portfolio, which was previously passively managed by State Street Global Advisors, to actively managed strategies.
Investment consultant RVK assisted.
