Pennsylvania Public School Employees’ Retirement System, Harrisburg, issued an RFP for the $46.7 billion system’s first hedge fund consultant, confirmed spokeswoman Evelyn Tatkovski.
System officials believe it was time to get a specific consultant in that area of expertise, having created a 7.5% absolute-return allocation last year, according to Ms. Tatkovski. Wilshire Associates is the system’s general investment consultant.
The RFP is available at http://www.emarketplace.state.pa.us. Proposals are due at 1:30 p.m. EDT April 5 and can be sent to Pennsylvania Public School Employees’ Retirement System, Attn: Terrianne Mirarchi, 5 N. Fifth St., Harrisburg, PA 17101.