Searches and Hires

Ohio State Highway Patrol seeks first emerging markets debt manager

Ohio State Highway Patrol Retirement System, Columbus, is searching for its first active emerging markets debt manager to run up to $25 million, said Mike Press, general counsel.

The $905 million pension fund issued an RFP as a result of its board's April 19 approval to add emerging markets debt as part of its opportunistic fixed-income portfolio. The pension fund is looking for strategies that "may include a blend of sovereign, non-sovereign USD-denominated and local currency issuances," the RFP states.

As of June 30, the allocation to opportunistic fixed income was 9%. A funding source has yet to be determined.

The RFP is available on the pension fund's website. Proposals are due on Sept. 7. The pension fund hopes to make a decision within the next three to six months, Mr. Press said.

Investment consultant Hartland & Co. is assisting.