Each pension system has a careful mix of assets including stocks, bonds, real estate and other investments. The systems have alternative investments that include money managed by private equity or hedge fund managers. Such investments are riskier and can result in big losses or gains.
Overall, Ohio’s five public pension funds have $234 billion invested on behalf of nearly two million government workers, retirees and beneficiaries. The pension funds strive to hit or exceed their expected rate of return every year to cover the obligations of current and future benefits.