Ohio Public Employees Retirement System
(OPERS) has terminated its two emerging managers-of-managers, Pensions & Investments
reports. Leading Edge Investment Advisors
and Progress Investment Management
were together running $400 million in an emerging manager-of-managers portfolio.
The retirement system’s board voted to internally manage the emerging managers program last month. The portfolio has a target range of 1% to 2% of externally managed assets, or $250 million to $500 million.
Click here for the story from Pensions & Investments.