Kansas Public Employees' Retirement System, Topeka, is expected to issue an RFP for a small-cap U.S. equity manager shortly after its Jan. 15 board meeting, said Scott Peppard, assistant investment officer.
The $9.2 billion fund is looking to increase its small-cap equity exposure to 15% from 4% of equity assets following an asset allocation study, said Mr. Peppard. The new asset mix was not available.
Mr. Peppard said $260 million will be allocated to the new manager. Funding will come from reducing large-cap U.S. equity investments.