The Ohio Public Employees Retirement System, Columbus, issued an RFI for one or two international enhanced core equity managers to handle a total of $300 million to $700 million, said Richard Baker, spokesman for the $64.5 billion fund. The managers would be benchmarked to the MSCI All Country World index ex-U.S.
Funding would come from rebalancing the fund's $15 billion international equity portfolio; no existing manager would be terminated. It has not been determined whether the system would reduce the portfolios of any of the fund's existing active international managers - Acadian Asset Management, AllianceBernstein Institutional Investment Management, TT International and Lazard Asset Management. The international equity portfolio also includes an internally managed passive EAFE fund.
The RFI is available at the fund's website at www.opers.org. Responses are due Aug. 5, and a selection should be made by the end of the year.