Investment Plan 2011 - OPERS
Investment Plan 2011 - OPERS
Investment Plan 2011 - OPERS
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Ohio Public Employees Retirement System<br />
<strong>2011</strong> Annual <strong>Investment</strong> <strong>Plan</strong><br />
Board Policies Governing <strong>Investment</strong> Activities<br />
The following exhibit illustrates the structure and relationship of the policies within the total<br />
System and its three investment Funds.<br />
DEFINED BENEFIT<br />
FUND<br />
<strong>Investment</strong><br />
Objectives and Asset<br />
Allocation Policy<br />
Public Equity Policy<br />
Public Fixed Income Policy<br />
Private Equity Policy<br />
Real Estate Policy<br />
Broker - Dealer Policy<br />
Corporate Governance<br />
Derivatives Policy<br />
External <strong>Investment</strong> Managers’ Insurance Policy<br />
External Public Manager Evaluation Policy *<br />
External Public Manager Search Policy *<br />
Iran and Sudan Divestment Policy<br />
*Under consideration to be replaced with procedures<br />
<strong>OPERS</strong> FUNDS<br />
FUND POLICIES<br />
HEALTH CARE<br />
FUND<br />
<strong>Investment</strong><br />
Objectives and Asset<br />
Allocation Policy<br />
ASSET CLASS POLICIES<br />
INVESTMENT-WIDE POLICIES<br />
Staff Committee Structure<br />
The CIO utilizes a variety of committees, working groups and meeting structures to govern<br />
the <strong>Investment</strong> Division’s activities. This internal governance arrangement enhances<br />
collective inputs, retains institutional knowledge, provides documentation of the due<br />
diligence process and other processes, promotes transparency and accountability and<br />
formalizes decision-making processes. These committees are designed to combine<br />
structure and flexibility to efficiently bring the appropriate decision makers together on a<br />
timely basis and maintain a controlled environment to minimize operational risk.<br />
Page 5<br />
DEFINED CONTRIBUTION<br />
FUND<br />
<strong>Investment</strong><br />
Objectives and Asset<br />
Allocation Policy<br />
Cash Policy<br />
Commodity Policy<br />
Hedge Fund Policy<br />
Opportunistic Fund Policy<br />
Material Nonpublic Information Policy<br />
Ohio-Qualified & Minority Manager Policy<br />
Personal Trading Policy<br />
Proxy Voting Guidelines<br />
Responsible Contractor Policy<br />
Securities Lending Policy<br />
Soft Dollar/Other Commission Arrangements Policy
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