CalPERS to seek smidcap managers

CalPERS officials plan to issue an RFP for domestic small-cap to midcap growth and value equity strategies for its $539 million deferred compensation plan. Fund officials intend to create pre-approved lists of managers for each strategy. Both are new strategies for the 457 plan. Details on the RFP are not yet available, according to CalPERS spokesman Brad Pacheco. The changes are part of an overhaul of the California Public Employees’ Retirement System’s 457 plan. The RFP and a proposed plan mapping, scheduled to go into effect May 7, will be reviewed by the CalPERS investment committee on March 12.