Ohio School Employees Retirement System, Columbus, is searching for its first active local currency emerging markets debt manager, to run $75 million to $100 million, confirmed spokesman Tim Barbour.
The $9.9 billion system issued an RFP on Wednesday for its first emerging markets debt manager, which will fall within its global fixed-income allocation, said Mr. Barbour in a telephone interview.
Funding comes from cash.
As of Nov. 30, the system's actual allocation to global fixed income was 18.6%. The system's target is 19%.
Proposals are due by 4 p.m. EST on Feb. 22. Finalist presentations and selection are tentatively scheduled for April.
The RFP is available on the retirement system's website.
Consultant Summit Strategies Group is assisting.