Iowa PERS picks 3 finalists for transition management

Iowa Public Employees' Retirement System, Des Moines, named BlackRock (BLK), Russell Investments and State Street Global Advisors in a search for transition management services, Karl Koch, chief investment officer of the $23.4 billion pension fund, said in an e-mail.

IPERS could select more than one manager, according to an RFP issued in July. BlackRock and SSgA are the incumbents.

IPERS expects to make a decision Thursday.

Wilshire Associates is assisting in the search.