Montana Board of Investments, Helena, will issue an RFP for managers to run active Asian equity portfolios for its nine pension plans, which have a combined $4.8 billion in assets, said Carroll South, executive director. The size of the portfolios has not been determined, Mr. South said. Funding will come from terminating active Asian equity managers Schroders, which runs $100 million, and SG Pacific, which handles $66 million; the terminations arent performance-related and both managers may rebid, he said. Plan officials may decide to increase the number of active Asian equity managers now bring used, he said.
The RFP will be posted on the boards website, www.investmentmt.com, by mid-June, he said. The plans collective asset allocation is 45% domestic equity, 33% fixed income, 8% international equity, 7% private equity, 5% mortgages, 1.5% cash and 0.5% real property. No consultant is being used.