Police and Firemen's Disability & Pension Fund of Ohio, Columbus, soon will issue RFPs for the $7.8 billion fund's first global emerging market manager, according to Allen Procter, executive director.
Responses are due Sept. 25. The search follows a review of the fund's international portfolio. Up to $400 million will be allocated to one new active manager; the board will decide on the amount after the search is completed in late November or early December.
Funding will come from domestic equities and domestic bonds; the exact amount from each has yet to be determined.
Wilshire is the consultant.