Indiana State Teachers' Retirement Fund, Indianapolis, will next search for midcap equity managers, as the fund continues its move into the equity market, said Bob Newland, investment officer for the $4.2 billion fund.
The search for managers to run $80 million in midcap equities most likely will begin in October or November, Mr. Newland said.
The fund's board also recently selected four managers for active small-cap assignments, but cannot release the names until the state purchasing department approves the selections, he said.
The fund received 48 responses to RFPs for $150 million in EAFE active and passive assignments, Mr. Newland said. A decision probably will come in late August, although he won't be able to release the names at that time.
The fund is looking for an active EAFE core manager, an EAFE-plus type manager and a pure passive EAFE manager. Callan Associates is assisting.