OPERS Taps Carraher As Executive Director

Aug 22 2011 | 7:23am ET

The $75 billion Ohio Public Employees Retirement System has a new executive director.

Karen Carraher, who was the pension’s finance director and has served as interim executive director since February when Christopher DeRose left the post, will assume the role officially effective immediately.

According to Pensions & Investments, OPERS has yet to choose a new finance director.

The Ohio pension will make its first investments into single-manager hedge funds in the third quarter of 2011, with $1.2 billion earmarked for single and multi-manager funds.

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