Ohio Public Employees Retirement System, Columbus, is searching for a firm to conduct a needs assessment for its risk-parity investment program.
The assessment will take from four and eight weeks and involves the “analysis of existing systems, workflows, processes, staffing levels and capabilities to support a Risk Parity Strategy Implementation at OPERS,” according to an RFP posted Monday on the $76.4 billion retirement system's website.
In July, the system hired risk-parity managers AQR Capital Management, BlackRock, Bridgewater Associates, First Quadrant and PanAgora Asset Management to run a total of up to $350 Bridgewater AssociatesBridgewater Associates, First Quadrant and PanAgora Asset Management to run a total of up to $35BlackRock, BrFirst Quadrantciates, First Quadrant and PanAgora Asset Management to run a total of up to $350 million.
The RFP is available from the fund's website. Proposals are due at 4 p.m. EDT on Oct. 12, with finalists notified on Oct. 16 and a final decision made on Oct. 19.
Spokesman Michael Pramik did not return a phone call by press time.