Plan to for new investments follows $150m withdrawal from open-ended funds. : Ohio Public Employees Retirement System (PERS) expects to invest $500m (€424m) in closed-ended real estate funds after withdrawing $150m from open-ended vehicles. The pension fund anticipates making the new investments before the end of the year, according to a board meeting document. It did not reveal which funds it was targeting or in which core open-ended real estate funds it had withdrawn capital. Ohio PERS has invested in a range of core, value-added and opportunistic closed-ended funds in the past.