Indiana Public Employees' Retirement Fund, Indianapolis, is expected to issue an RFP in early May for a manager to run $300 million to $350 million in active domestic concentrated large-cap value equities, said Patrick Lane, communications director for the $10.1 billion fund. Proposals will be due in early June, he said. The fund expects the manager to hold 50 or fewer securities, he said. Funding will come from a $330 million large-cap index fund run by Barclays Global Investors.
Mercer Investment Consulting is assisting.