Texas Permanent School Fund, Austin, issued an RFP for an absolute-return hedge fund-of-funds manager, according to the $23.1 billion fund’s website.
The amount to be managed is not specified.
The search is part of a July 2006 asset allocation policy change to diversify assets, according to the RFP.
The RFP can be found at http://esbd.cpa.state.tx.us/bid_show.cfm?bidid=89744. The deadline for bids is 3 p.m. CDT July 28.
Finalist presentations are scheduled to be made on Nov. 17, with a decision expected on Nov. 19.
Catherine Civiletto, deputy executive administrator, did not return a call by press time seeking further details.