Louisiana School Employees’ Retirement System, Baton Rouge, expects to issue an RFP in early April for a domestic midcap index equity manager, tied to either the S&P 400 MidCap index or the Russell Midcap index, to run about $50 million, confirmed Brendan Brosnan, CIO of the $1.5 billion fund.
A source of funding has not been determined, although Mr. Brosnan said fund officials may reduce existing large-cap portfolios because officials feel the system is overexposed to that style. Proposals are tentatively due at 4 p.m. CDT May 18, with a selection expected by August. Segal Advisors is assisting.
