Ohio pension places $1bn in private market, currency overlay programs

The $17 billion School Employees Retirement System of Ohio investment committee approved six investments, three of which were in the private credit portfolio.

The largest allocation though was within the currency overlay program, where AlphaEngine Global Investments Solution, a smart alpha strategy, was selected to manage a $500 million notional mandate.

The timing comes as the overlay program, which includes a currency program and tactical asset allocation component, saw performance turn negative as the U.S. dollar declined and the euro appreciated. Fund staff in a presentation to trustees said they expected to have positive . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Check Also
Close
Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!