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Colorado Public School Fund issues call for passive equity manager

Colorado's Public School Fund Investment Board, Denver, is searching for a passive equity manager to run roughly $200 million for the state's $900 million School Trust endowment, an RFP on the state's procurement website shows.

In June 2016, Colorado Gov. John Hickenlooper signed a bill permitting the endowment to invest in equities. As a result, the investment board approved a new target asset allocation of 80% fixed income and 20% equities. Previously, the endowment was restricted to investing solely in fixed income.

The RFP is available on the state's procurement website. Registration is required. Proposals are due by 4 p.m. MDT on Aug. 14, with a hiring decision estimated on Sept. 29.

An official in the state treasurer's office, which provides support to the investment board, could not immediately be reached for additional information.