State Teachers Retirement System of Ohio Investment Strategy 2025-2028
This document, compiled from the State Teachers Retirement System of Ohio's Annual Investment Seminar, outlines key aspects of its investment strategy and strategic initiatives. It details institutional asset management principles, emphasizing a total portfolio approach and asset allocation as primary drivers of long-term results, supported by academic, governance, and empirical findings. The strategy includes in-depth education and implementation plans for private credit, an update on strategic direct and co-investment initiatives focused on generating risk-adjusted returns and lowering costs, and the introduction of liquid alternatives as a new asset class with specific investment objectives, phase-in plans, and long-term allocation targets aimed at achieving positive returns with low correlation to global equity markets. The overarching goal is to effectively manage the investment portfolio and achieve long-term financial objectives.