State of California-Savings Plus Program, Sacramento, plans to issue an RFP in early December for five of the $5.2 billion defined contribution plan's active U.S. equity investment options. Categories are: $440 million in large-cap blend stocks, now run in Hartford Stock HLS, Hartford Capital Appreciation HLS, and MFS Capital Opportunities; $215 million in large-cap value equities, now run in Federated Stock Trust and American Century Income & Growth funds; $149 million in small-cap value stocks, now run in the Franklin Balanced Sheet Investment fund; $36 million in a socially responsible fund, now run in Domini Social Equity; and $22 million in midcap blend stocks, now run in the Accessor Small to Mid-Cap fund.
The fund plans to hire one manager for each of the five categories. Incumbents will be eligible to bid. The deadline for proposals will be in late January, and selections are scheduled for late May. Current contracts are set to expire Dec. 31, 2005. Mercer Investment Consulting will assist.
