Ohio Public Employees Retirement System has hired Connecticut-based hedge fund firm AQR Capital Management to oversee $300 million.
Pensions & Investments reported that the investment follows the pension board’s approval of a new target allocation to global tactical asset allocation strategies earlier this year.
The pension system hired hedge fund firms Grantham Mayo von Otterloo, Pacific Investment Management Co., and Windhaven Investment Management as its first GTAA managers back in April. It expects to hire at least one more manager before the end of the year.
Ohio Public Employees oversees about $62.9 billion in defined benefit assets.