Ohio Public Employees Retirement System, Columbus, is searching for three to five high-yield managers to run $200 million to $500 million each, confirmed spokeswoman Julie Graham-Price.
The number of managers and individual allocations have not been determined.
The search is the result of a new 5% target allocation for high yield implemented by the $68 billion system in July.
The selection process focuses on active long-only managers and will be conducted using information on eVestment Alliance and the Mercer Global Investment Manager Database. Interested parties should update all company and product profile information and performance data as of Dec. 31 in the databases and notify OPERS by sending an e-mail to [email protected] by Jan. 29. No deadline has been set for selection, Ms. Graham-Price said.
Mercer is the system’s consultant.