Ohio School Employees Retirement System, Columbus, issued an RFI for two enhanced domestic equity index managers to run $250 million each, said Laurel Johnson, a spokeswoman for the $9.4 billion fund. The portfolios will be benchmarked to either the Russell 1000 index or the S&P 500 index, according to the RFI. One of the managers will use a synthetic approach, gaining synthetic exposure to one of the indexes and porting the alpha to a portfolio that can produce incremental returns over the index. Both allocations are new; the funding source has not been determined. The system will also hire two backup managers to take over the portfolios if the managers hired are terminated.
The RFI is available at www.ohsers.org, and responses are due Jan. 9. Finalists are expected to be chosen in March, and selections to be made in June.
