Ohio School Employees Retirement System, Columbus, will issue an RFP early next month for an investment consultant, said Julie Graham-Price, a spokeswoman for the $9 billion fund. The contract of existing consultant Russell Investment Group is expiring. Ms. Graham-Price declined to give further details. One source familiar with the plan pointed out that in September, Herb Dyer, the former executive director of the $59 billion State Teachers Retirement System of Ohio, Columbus, pleaded guilty in Franklin County Court to one misdemeanor charge that he accepted meals, golf outings, Broadway play tickets and other gifts from officials at Russell. "The School Employees don't want to be associated with that at all, so now that Russell's contract is expiring, they are going to hire someone new," said the source.
Chris Phillips, a spokesman for Russell, said the firm is "looking forward to reviewing the RFP from Ohio SERS. In addition, Russell has cooperated fully regarding all requests from the Ohio Ethics Commission and has not been cited for any violations related to the Ohio state ethics policies."