Indiana State Police Pension Fund, Indianapolis, will search for one or more managers to run $11 million in active domestic small-cap or small- to midcap growth equities, said Joe Bill Wiley, principal of consultant Capital Cities, which is assisting the $285 million fund in the search. The portfolio will be benchmarked against the Russell 2000 or Russell 2500 Growth index.
The search is expected to be posted today at the Indiana state treasurers website, www.state.in.us/tos/, under the "publications link and "broad agency announcement.
Firms interested in being considered must notify Janet Sweet, Capital Cities partner, by June 26 that they are going to respond, and they must submit proposals by 2 p.m. EST June 28.
The funds board will decide in July on the source of the funding. It expects to make a hiring decision in August.