Columbus-based OhioHighway Patrol Retirement System is raising its target distributions to international equity, alternatives and fixed income, Pensions & Investments reports. Targets to fixed income and alternatives will each increase to 22.5% from 20% and international equity to 20% from 15%.
The $762 million system will lower the targets to U.S. equity from 45% to 35%. Separately, the firm has selected finalists for a global fixed-income custodian to manage a $35 million mandate.
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