Ohio Public Employees Retirement System, Columbus, is searching for international core equity and emerging market equity managers, confirmed spokeswoman Julie Graham-Price. Officials at the $71.3 billion pension fund have not finalized the allocations and number of managers to be hired. They estimate they'll hire up to two to four managers to run a total of $500 million to $700 million in active long-only international core equities and two to four managers to run a total of $200 million to $300 million in active long-only emerging market equities. The initial screening for both searches will be conducted using information on eVestment Alliance and Mercer's global investment manager database. Interested managers should update their information on both databases with data as of March 31 and notify OPERS of their interest by June 30. Managers interested should e-mail [email protected] and [email protected] for the emerging markets and international core equity searches, respectively.
Indiana Public deferred comp wants real return
Indiana Public Employees Deferred Compensation 457/401(a) Plans, Indianapolis, are searching for a real return manager, according to a broad agency announcement. The plans, whose combined assets total $800 million, expect to hire one manager. The plans could offer the new strategy, a first for them, as a stand-alone investment option for one or both of the plans and potentially including it in the plans' target-date strategies. The plans will consider managers that offer single or multiple strategies that use inflation-protected debt securities, commodity-linked notes and related investments, real estate investment trusts, as well as other real estate investments and other strategies consistent with real return. The announcement is available at http://www.in.gov/auditor/hoosierstart. Proposals are due June 30. Capital Cities, the plans' consultant, is assisting.
SWF in the market for active global equity manager
Kazakhstan National Fund, Almaty, issued an RFP for an active global equity manager to handle $50 million to $100 million, according to Anvar Izbassarov, deputy head of analysis and risks division at the National Bank of Kazakhstan, which manages the $25.4 billion sovereign wealth fund. Proposals are due July 5. Further information can be obtained via e-mail at [email protected]
Illinois muni fund has $150 million for real estate
Illinois Municipal Retirement Fund, Oak Brook, is searching for managers to run $150 million in open-end core commingled real estate funds. The board could hire more than one manager, said Linda Horrell, communications manager for the $23.3 billion fund. The RFP is available at http://www.imrf.org/portal/index.php?option=com_content&view=category&layout=blog&id=62&Itemid=129. Proposals are due July 6. Callan Associates is assisting in the search. The fund now has only a 1.8%, or $423 million, actual allocation to real estate out of a target of 6%, according to a fund report.
Mass. plan looking to move into commodities
Holyoke (Mass.) Retirement System is looking for its first commodities manager, confirmed Daniel R. Owens, executive director of the system and chairman of the investment committee. The initial expected commitment is $2 million. He said no decisions have been made yet regarding which existing allocations to trim to fund the commodities portfolio. Copies of the RFP are available by e-mailing [email protected] Responses are due by 4 p.m. EDT July 15 at the Holyoke Retirement Board office.
$3 million in core or core-plus domestic real estate up for grabs in R.I.
City of Newport (R.I.) Retirement Plan is searching for a manager to run $3 million in core or core-plus domestic real estate, according Steven Roth, director of manager research at Dahab Associates, consultant to the $85 million retirement plan. It is a new allocation, Mr. Roth said in a telephone interview. The RFP is available at http://dahab.com/searches.html. Proposals are due by 2 p.m. EDT July 16 and must be sent to Steven Roth, Director of Manager Research, Dahab Associates Inc., 423 South Country Road, Bay Shore, NY 11706.
Scottish plan seeking absolute-return manager
Fife Council Pension Fund, Glenrothes, Scotland, is searching for an absolute-return manager to run £100 million ($148 million) and an infrastructure manager to run £50 million, confirmed Katrina Evans, banking and investment team leader. It is the first move into absolute return and infrastructure for the £1.1 billion fund. Officials have yet to decide what type of strategy might be preferred, but hedge fund or fund-of-funds strategies will not be considered, Ms. Evans said. Both moves are being made for diversification at the recommendation of investment consultant Hymans Robertson. Proposals for both searches are due July 19. More information is available by sending an e-mail to Hymans Robertson, which is assisting in both searches, at [email protected]