Ohio State Highway Patrol hires bond manager.(Hirings)(Wells Capital Management and Julius Baer Investment Management )(Brief Article)

Pensions & Investments, January, 2006

COLUMBUS, Ohio - Ohio State Highway Patrol Retirement System hired Wells Capital Management to handle $44 million in active core fixed income, said Richard Curtis, executive director. Officials of the $700 million fund are also negotiating a contract with another core bond manager, which Mr.

Curtis declined to identify, to handle about the same amount. Both are new mandates. The hiring was made for diversification, Mr. Curtis said; the fund previously had one core bond portfolio manager, Munder Capital Management, that handled the entire $300 million bond portfolio. The system also hired Julius Baer Investment Management to manage $20 million in active international equities benchmarked to the EAFE index, said Mr. Curtis. Funding comes from Bank of Ireland...

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