Indiana Public Employees Retirement Fund, Indianapolis, plans to search for active managers to run concentrated domestic large-cap equities and global active growth equities, said Patricia J. Gerrick, chief investment officer. The $10 billion system plans to allocate 10% of total assets to the concentrated equities and 3% to global growth equities. It also may search for a global active core manager, but no decision has been made.
The system plans to issue an RFP for the concentrated equity search between March and July, and an RFP for the global growth search between June and September. Further details have not been finalized.
Funding for the new portfolios will come from domestic and international equities and fixed income.
William M. Mercer will assist.