Investment Panel Advises BWC to Start Anew

An advisory panel has recommended that the Ohio Bureau of Workers' Compensation fire all of its fund managers and start from scratch. Spokesman Jeremy Jackson said the investments committee to the bureau's chief overseers advised firing the remaining 60 fund managers and putting the investment contracts out for bid, according to the Associated Press. The panel also recommended a Pittsburgh investment consulting firm to replace San Francisco-based Callan Associates. The BWC declined to renew Callan's contract for 2006 after the firm was criticized for lax oversight of fund information that i...