Texas Tomorrow Fund, Austin, the state’s prepaid college tuition program, is searching for five active equity managers and a custodian for the $967 million master trust. Managers will run the following portfolios: domestic large-cap growth; domestic large-cap core growth; international large-cap value; domestic large-cap value; and domestic small-cap growth. Allocation sizes have not been determined, said Zulay Sanchez, fund manager.
Funding will come from managers — which were not identified — whose contracts have expired, but all incumbents can re-bid, she said. The deadline for proposals is 2 p.m. CST on the following dates: March 27 for large-cap growth and large-cap core growth; April 6, international large-cap value; April 11, domestic large-cap value and small-cap growth; and April 2, master trust custodian services. RFPs are available at www.marketplace.state.tx.us. Proposals can be sent to John C. Wright, assistant general counsel at the Texas Comptroller of Public Accounts, or e-mailed to [email protected]
Selections will be made within about 30 days of each deadline, Ms. Sanchez said.