Investment Plan - OPERS

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Erik Cagnina Portfolio Manager Securitized Products Analyst Vacant 2 0 1 0 I N V E S T M E N T P L A N INVESTMENT PROGRAM Global Bonds Internal Management Mark Ehresman Senior Investment Analyst Tony Enderle Senior Investment Analyst Nick Kotsonis Senior Investment Analyst Todd Soots Senior Investment Analyst JoAnn Yocum Investment Assistant II Bill Miller Deputy CIO Paul Greff Senior Portfolio Manager Fixed Income Eric France Portfolio Manager The Global Bonds Internal Management group is currently organized with one senior portfolio manager, four portfolio managers, six analysts and an investment assistant II. The senior portfolio manager provides oversight of the group and is responsible for the strategic positioning and investment performance of all the internally managed bond portfolios. The leads of the different functional areas work as a team on the Global Bonds Internal Management investment decision-making process and report to the senior portfolio manager. They also handle the dayto-day management of the internal portfolios. Authorized individuals in the Global Bonds Internal Management group handle trade execution. Two portfolio managers oversee the Core, Long Duration and TIPS portfolios and serve as backups to each other. They identify major themes, sector weightings and perform portfolio optimization and construction. The other two portfolio managers oversee the Short Duration, Core Opportunistic and Short Duration Opportunistic portfolios and serve as backups to each other. They are also responsible for relative value, individual security analysis and trading within the securitized markets and work closely with the other portfolio managers to implement securitized asset strategies within the portfolios. 12 Jerry May Cash/Securities Lending Manager Teresa Black Cash/Securities Lending Analyst eSecLending Associate Chris Rieddle Portfolio Manager
2 0 1 0 I N V E S T M E N T P L A N INVESTMENT PROGRAM Global Bonds Internal Management (continued) One senior investment analyst plays a lead role and provides oversight to the credit research group. The analysts are responsible for assigned industries in the corporate sector, which includes company analysis and the identification of relative value ideas. The credit analysts, along with the lead analyst, are responsible for assigned sectors and provide back up to other sectors. They work closely with the portfolio managers to implement credit strategies within the portfolios. This organizational structure ensures that all sectors are monitored constantly so that OPERS is in the position to take advantage of marketplace opportunities. The cash securities/lending management Staff manage the OPERS cash/securities lending programs across all asset classes. In addition, these individuals manage the cash portfolios supporting OPERS’ operating liabilities and cash collateral resulting from securities lending activities. There is also one external eSecLending associate supporting a portion of the securities lending activities. The Global Bonds Internal Management group manages approximately $27 billion in 12 accounts. 13
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Investment Plan - OPERS

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