Ohio Bureau of Workers' Compensation, Columbus, rehired RVK as general investment consultant and hired NEPC as real estate consultant, spokesman Tony Gottschalk confirmed.
The bureau, which oversees $21.3 billion in state insurance assets including the $18.7 billion State Insurance Fund, issued an RFP in October due to the upcoming expiration of RVK's contract on June 30.
RVK currently provides overall general consulting services, including real estate consulting services. The bureau decided at the time the RFP was issued that it would consider hiring a separate consultant to provide real estate services only.
As of March 31, the actual allocations to core real estate, core-plus real estate and value-added real estate were 10.6%, 4.3% and 1.4%, respectively.
NEPC was also a finalist for general investment consulting services. RVK, StepStone Real Estate and The Townsend Group were the other finalists for real estate consulting services.