The Ohio Public Employees Retirement System, Columbus, may look to hire global high-yield, floating-rate debt and emerging markets debt managers by the end of 2011, Pensions & Investments reports. The $78.1 billion system may appoint new managers or use existing managers for emerging markets debt, global high yield and floating-rate debt.
The high-yield securitized portfolio will be handled in-house. The appointments come as the Ohio fund is changing its fixed-income portfolio, adopting target allocations of 2% to emerging markets debt and 1% each to global high yield, floating-rate debt and high-yield securitized debt.
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