Ohio School Employees' Retirement System, Columbus, issued an RFI for an active domestic small-cap growth equity manager to run from $50 million to $70 million, said Robert Cowman, director of investments. The $8.8 billion system will fund the new hire by trimming the portfolios of its three existing small-cap growth managers; none will be terminated. "We just want a manager to complement our existing managers," Mr. Cowman said. As part of the same RFI, the system also plans to retain three to four "backup" managers in the same asset class in case of a termination or new funding, said Julie Graham-Price, spokeswoman.
Responses are due Jan. 31. The RFI is available at www.ohsers.org; there is no timeframe for a selection, said Ms. Graham-Price.