Ohio Pension Board Votes To Stay Invested In Hedge Funds

TOLEDO (AP) — The board of Ohio’s largest public pension fund has voted to remain invested in hedge funds, despite higher fees and poorer recent returns than some other types of investments. The Blade reports (http://bit.ly/2k5hJEy) the Ohio Public Employee Retirement System board of trustees recently voted to keep the pension benefits’ exposure to hedge funds at 8 percent of its $87 billion total fund. The exposure for investments in the system’s separate health care fund is 6 percent.