Wyoming Retirement System, Cheyenne, is searching for passive equity managers to run assets that could total as much as $1 billion, confirmed John Johnson, senior investment officer.
The $6.5 billion system wants to invest at least $200 million and is looking for U.S., international, global and emerging markets equity managers. Market-cap- and non-market-cap-weighted index strategies will be used.
The exact sizes of the selected managers' portfolios haven't been determined.
BlackRock, the system's sole passive manager, runs a total of about $2 billion in U.S., international and emerging markets equity strategies. BlackRock's overall allocation could be reduced to partially fund the new hires. The move is being made for diversification, Mr. Johnson said.
The RFP can be found on the system's website. Proposals are due at 2 p.m. MDT Aug. 1. Finalists are expected to be chosen by late September with a decision by late October.