Illinois State Universities Retirement System, Champaign, issued an RFP in a search for managers owned by minority, women or people with disabilities to run a total of $175 million in TIPS.
The $12 billion system has not determined how many managers it might hire. Officials want the selected managers to exceed the return of the Barclays Capital U.S. TIPS index.
Funding would come from rebalancing to raise the system’s current 2.5% TIPS allocation toward its 5% target.
Staff at SURS is leading the search with assistance from general consultant Ennis Knupp.
Responses to the RFP, which is posted at http://www.surs.org, are due Jan. 25.