State of Wisconsin Investment Board, Madison, is conducting an invitation-only search for an unspecified number of value-oriented active international equity managers to run a total of $570 million, said Vicki Hearing, public information officer for the system, which oversees $70 billion in total assets.
Strategic Investment Solutions is assisting in developing candidates, she said.
Funding will come from raising the fund's international equity allocation to 20% from 19% and reducing domestic equity by a percentage point, to 39%. A timetable for completing the search hasn't been worked out yet, and other details weren't available, Ms. Hearing said.