BWC Issues RFP on Equity Portfolio

The Ohio Bureau of Workers' Compensation released a request for proposal (RFP) for the sale of BWC's nearly $400 million private equity portfolio with a submission deadline of 2 p.m. June 15. A final selection under the RPF is expected to be made Aug. 24. The BWC private equities are being sold in order to develop an investment portfolio that closer matches BWC's long-range need and an appropriate level of risk to maximize returns. Bureau CEO Bill Mabe said sale of the private equity funds "will allow us to focus on investments that more appropriately reflect the strategies, skills and ri...