Ohio School Employees Retirement System, Columbus, approved a new manager hire and a new commitment totaling $100 million, spokesman Tim Barbour said in an email.
The $15.2 billion pension fund hired quantitative global equity manager Arrowstreet Capital to manage $50 million in its MSCI ACWI ex-U.S. index strategy and committed $50 million to GoldenTree Structured Products Fund VII (2020), a structured credit fund managed by GoldenTree Asset Management.
The pension fund previously committed $50 million to GoldenTree Distressed Fund III in 2019.
Funding comes from cash reserves, Mr. Barbour said.
As of Sept. 30, the actual allocations to international equities, and the opportunistic and tactical portfolio were 21.6% and 2.5%, respectively.
