Ohio Bureau of Workers' Compensation, Columbus, will search for active domestic midcap and small-cap equity managers to run a total of about $1.4 billion for its $20 billion State Insurance Fund portfolio, confirmed spokeswoman Melissa Vince in an e-mail.
The board on Friday approved an RFP that will be issued in mid-April, with a deadline in mid-June.
In January, the board approved new target allocations of 5.5% to active domestic midcap equities — 2% each to value and growth, and 1.5% to core — and 1.5% to active domestic small-cap equities. The fund's current 20% allocation to domestic equities is entirely passive.
The new equity breakdown is 12% to passive domestic large-cap equities; 7%, active domestic midcap and small-cap equities; and 1%, minority-owned managers of managers and/or women-owned active managers. The rest of the fund's target allocation is 70% fixed income (including cash) and 10% international equities.
R.V. Kuhns is assisting.