Missouri State Employees' Retirement System, Jefferson City, in the...

Missouri State Employees’ Retirement System, Jefferson City, in the first quarter will consider investing in enhanced S&P 500 strategies, including synthetic portfolios, said Rick Dahl, chief investment officer of the $5.5 billion plan. Officials of the system, which has $1.6 billion in an in-house S&P 500 portfolio, are looking to add "50 to 75 basis points worth of alpha with a similar tracking error relative to the index,” Mr. Dahl said. They have not yet decided when to implement the strategies, or whether to manage them in-house. Funding would come from an S&P 500 portfolio.