Ohio Public Employees Retirement System, Columbus, hired NewSouth Capital Management to run $300 million in active domestic midcap equities, spokesman Michael Pramik said in an e-mail.
The $90 billion retirement system, which includes $77.2 billion in defined benefit plan assets, issued an RFI in October as a result of active domestic midcap core equity manager Seizert Capital Partners, which ran $482 million, resigning its account.
The retirement system also “upgraded” emerging manager Hahn Capital Management into the regular U.S. midcap portfolio, Mr. Pramik said, adding $250 million to the manager’s active domestic midcap equity portfolio. Hahn Capital has been managing $50 million for the retirement system as part of its emerging manager program.
Mr. Pramik was unable to provide further information by press time.