Employees Retirement System of Texas, Austin, is searching for at least one active international equity manager to run up to $1.4 billion, confirmed Mary Jane Wardlow, spokeswoman for the $21 billion fund. The portfolio's previous manager, DuPont Capital Management, is being terminated by mutual agreement, Ms. Wardlow said; the termination is not related to performance, but she declined further comment. The mandate is considered advisory and not fully discretionary, according to the RFP.
The RFP is available via e-mail to [email protected] Questions should be directed to Vince Smith, director of international equity, at [email protected] or by telephone at (512) 867-7355. Proposals are due at 4 p.m. CST Nov. 30. No selection timeframe was given.