Kansas Public Employees’ Retirement System, Topeka, is a step closer to hiring a large-cap value manager for its $10.4 billion defined benefit plan. The deadline for proposals was March 15 and the new manager, which is expected to be announced in April, will receive $300 million to $325 million. The system recently terminated Brinson, which managed $300 million, for performance reasons, said Scott Peppard, deputy chief investment officer.
Brinson did not return calls for comment by press time.
