Ohio’s public pension systems collectively lost tens of millions of dollars invested in Silicon Valley Bank of California and Signature Bank of New York, two of the largest banks to fail in U.S. history.
Ohio’s State Teachers Retirement System took the biggest hit. Last week, it had SVB shares worth $27.2 million, which represents 0.03% of the fund’s total portfolio. It did not own shares of Signature.
Last week, Ohio Public Employees Retirement System held shares in SVB worth $3.2 million and shares in Signature worth $2.2 million. That $5.4 million represents 0.0058% of OPERS’ $92.5 billion investment portfolio.
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