Ohio Public Employees Retirement System, Columbus, is searching for several active long-only managers to run emerging markets equity and debt, global high yield and international small-cap stocks for the $75 billion system.
According to a notice on the system's website, two to three emerging markets debt managers will each run $300 million to $400 million; two global high-yield managers will handle $300 million to $400 million each; two to four small-cap international equity managers will get $200 million to $600 million each; and five to 10 small-cap emerging markets equity managers will manage $50 million to $300 million apiece.
OPERS spokeswoman Julie Graham-Price said in a telephone interview that the combined mandate will total about $4.2 billion.
She said the system is implementing a new asset allocation strategy approved in the summer of 2009. The new asset allocation reduces equities to 50% from 62% of the portfolio and increases alternatives to 25% from 14% and fixed income to 25% from 24%.
Interested parties must notify system staff by Aug. 31.
More information is available at www.opers.org/about/vendor/index.shtml.