Ohio Firefighters Pension Throws Out Fire Insurance Protection

Ohio firefighters have eliminated what some consider portfolio fire prevention when they cut a certain algorithmic hedge fund from their roster. This occurs while Dallas Police and Fire System pension funds look at a portfolio sleeve correlated to energy as oil drops to new lows.

Wilshire pension fund winner

According to minutes from the Ohio Police & Fire Pension Fund, the organization approved a motion to terminate relationships with Columbia Threadneedle Investments, AQR Capital Management and Investcorp Investment Advisers.  The move comes as the pension fund adopted the U.S. Equity structure recommendations from Los Angeles-based Wilshire Associates, whose “Portfolio C” option turned out to be the winner, passing by unanimous vote of...