Indiana State Teachers' Retirement Fund, Indianapolis, plans to issue...

Indiana State Teachers' Retirement Fund, Indianapolis, plans to issue an RFP before the end of December for a manager to run $60 million in active domestic large-cap value equities for the $4 billion defined benefit plan, said Robert D. Newland, deputy director and CIO. The search was prompted by the departure of three principals from Pacific Financial Research, which ran the portfolio. The money has been invested temporarily in a similar strategy with Barrow Hanley Mewhinney & Strauss, Mr. Newland said. Old Mutual, which owns both companies, designated Barrow Hanley to assume the investment oversight of Pacific Financial. Barrow Hanley can bid, he added. Callan will assist.