Indiana State Teachers’ Retirement Fund, Indianapolis, on Monday expects to issue RFIs for managers to run a total of $150 million in global or international fixed income and $100 million in global inflation-linked bonds, as well as an RFP for a real estate consultant, said Molly E. Deuberry, spokeswoman for the $9 billion fund.
The funding sources for the portfolios haven’t been determined, Ms. Deuberry said.
Information on how many managers the fund could hire in each RFI was unavailable, Ms. Deuberry said, but managers can submit proposals for either one or both of the fixed-income searches.
Indication of interest in the fixed-income RFIs is due Sept. 19 and proposals are due Oct. 6. The fund’s board could select managers Oct. 28.
Callan Associates, the fund’s consultant, is assisting in the RFI searches.
In the search for a real estate consultant, due dates and other details are not yet available, Ms. Deuberry said. Callan, also the incumbent real estate consultant, can rebid.
The fund has a 6% allocation to real estate.
The RFIs and RFP will be available on the fund’s website, http://www.in.gov/trf.
