Houston Municipal Employees Pension System plans to issue RFPs in the next month to about 10 to 12 managers to invest in Asia outside Japan and Australia. The $915 million fund expects to hire one manager to run approximately $30 million, said Executive Director David Long. The hiring should take place in November.
Assets will come from a rebalancing within the fund's international equities area, but the fund does not expect any terminations to occur. Wilshire Associates is assisting.
