Kansas Public Employees Retirement System, Topeka, issued an RFP for at least one firm to provide transition management services in publicly traded assets, confirmed CIO Robert “Vince” Smith.
Mr. Smith said the $12.9 billion system aims to establish a pool of two or three transition managers that will be available when needed. The system’s money managers handled the transition management duties in the past, he said.
The RFP is available at http://www.kpers.org/procurement.htm. Questions will be accepted through 5 p.m. CDT Oct. 31; proposals are due at 5 p.m. CST Nov. 7. The system’s board is expected to make a decision Nov. 21.
The system has 29.8% in domestic equity, 21.4% in fixed income, 18.6% in international equity, 9.8% in TIPS, 7.7% in global equity, 7.6% in real estate. 3.1% in alternative investments and 2% in cash equivalents.
