Ohio Public Employees Retirement System, Columbus, is searching for one or more managers to oversee passive funds within the system’s defined contribution $355 million target-date program, confirmed Julie Graham-Price, spokeswoman for the $69 billion system.
The account type sought can be separate or commingled, according to the request for information.
The passive investment options the manager will oversee are bond index, TIPS, U.S. long duration, U.S. high yield, large-cap, small-cap index and non-U.S. equity index.
The successful candidate or candidates also will serve as liquidity manager for five funds in the overall DC plan: bonds, stock index, large-cap equity, small-cap equity and non-U.S. equity.
Responses are due by 5 p.m. EST Feb. 24. A selection is expected in April.
Proposals must be sent to DeAnne Rau, portfolio manager, external public markets, Ohio Public Employees Retirement System, 277 E. Town St., Columbus, OH 43215.
The RFI can be found on the OPERS website at https://www.opers.org/about/vendor/index.shtml.