Ohio School Employees Retirement System, Columbus, is searching for a core-plus fixed-income manager to run up to $200 million, confirmed spokeswoman Julie Graham-Price. The $11.6 billion system will fund the move by reducing portfolios of other fixed-income managers; none will be terminated. As part of the search, a standby core-plus manager will also be sought. The RFP can be found on the funds website at www.ohsers.org/GD/Templates/Pages/Sers/gdPageTemplate001.aspx?page=403.
Separately, the system committed up to $300 million to several hedge funds, all to receive up to $50 million each: Aristeia International, Bridgewater Pure Alpha I, Fore Convertible Offshore, Lydian Overseas Partners, PIMCO Absolute Return Strategy III Offshore and Stark Offshore Managements Shepherd Investments International.
The system also allocated up to $50 million to the Five Arrows Realty Securities V fund, managed by Rothschild Realty Managers; up to $40 million to Graham Partners III private equity fund; and up to $30 million to Swander Pace Capitals SPC Partners IV private equity fund.
Funding for all the commitments will come from cash, Ms. Graham-Price said.