Montana Board of Investments, Helena, will issue an RFP in early March for up to three enhanced domestic equity index managers to run a total of $300 million, according to Carroll South, executive director of the $6.9 billion board. Funding will come from reducing large-cap enhanced index portfolios from the board's $1.6 billion domestic equity allocation, and no managers will be terminated.
The new allocation was made for diversification, and the RFP will be on the state's procurement website, http://gsd.mt.gov/procurement, Mr. Carroll said. Officials hope to make selections by the end of May.
R.V. Kuhns is assisting.