Indiana Public Employees’ Retirement Fund, Indianapolis, hired T. Rowe Price to run $600 million in a fundamental enhanced index fund, said Jeffrey D. Hutson, director of outreach and communication for the $15.76 billion fund. Funding will come from reducing a Russell 1000 enhanced index fund managed by BGI to $2 billion. By making the move, the board is “balancing out PERF's quantitative enhanced index mandate with a fundamental enhanced index mandate,” Mr. Hutson said.
Mercer, the fund’s consultant, assisted.
