Ohio Public Employees Retirement System, Columbus, hired NEPC as its sole investment consultant, said spokesman Michael Pramik.
The $111.8 billion retirement system, which includes $98.4 billion in defined benefit plan assets, issued an RFP in August due to the impending expiration of the contracts of general investment consultant NEPC and alternatives consultant Aon Investments USA.
The board elected to seek a single general investment consultant at the time. Both firms were invited to bid for the services, Mr. Pramik said at the time.
He could not be immediately reached with further information on other bidders and finalists, if any.
As of Dec. 31, the DB plan's actual allocation was 26.4% public fixed income, 22.8% international equities, 22.5% domestic equities, 10.7% private equity, 9% real estate, 4.6% risk parity, 1.6% hedge funds, 1.3% commodities and 1.1% other.