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Ohio Pension Fund ups Timber Investments

Fri, 08 Jun 2012 15:18:21 GMT

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Ohio Police Pension Fund Increases Forestry Investment

Ohio Police & Fire Pension Fund, Columbus, plans to make an additional $175 million in commitments to timber in the coming months, confirmed spokesman David Graham.

The $11.8 billion pension fund created a 3% target allocation to timber in March 2010. The fund in January hired its first timberland managers — Forest Investment Associates and Hancock Timber Resource Group — to run $100 million each.

An RFI was issued to a shortlist of timber managers in August. Fund staff, general consultant Wilshire Associates and real estate consultant Townsend Group invited Brookfield Timberlands to make a presentation to the board at its June 27 meeting.

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