Mississippi Health Care Trust Fund, Jackson, is prescreening active domestic small-cap and midcap growth and value equity managers to handle an undetermined amount funded from a settlement with the tobacco industry. The $700 million trust fund also will look at passive managers in the same asset classes. The allocation, to be split among three or four managers, likely will be 10% to 15% of the settlement.
The fund is conducting the prescreening to review various investment styles and to help it choose managers that will complement each other, said Ron Logan, president at consultant Logan Partners. Managers that wish to be a part of the prescreening should contact Mr. Logan or the Mississippi treasury department.
The fund will select about 35 managers to which it will send RFPs in the spring, after which it will choose seven to nine managers to interview. A final decision is expected in late summer or early fall, Mr.Logan said.
