Ohio BWC to issue RFP for investment consultant

The US public pension is seeking an investment consultant.

Institution: Ohio Bureau of Workers’ Compensation
Headquarters: Columbus, United States
AUM: $26.58 billion
Allocation to alternatives: 13.1%

Ohio Bureau of Workers’ Compensation has agreed to issue a request for proposal for an investment consultant, a contact informed PERE. The pension’s contract with its current investment consultant, RVK, is set to expire on June 30, 2021 with no renewal option.

The pension may select a single investment consultant with a broad range of expertise to provide all required services. However, it can also contract one investment consultant for general consulting services, excluding real estate, and another for real estate consulting only.

As illustrated below, Ohio BWC currently allocates 13.1 percent of its investment portfolio to private real estate. As of September 30, 2020, the value of its private real estate portfolio was approximately $3.48 billion. The pension’s chief investment officer is Bruce Dunn.

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