Ohio State Highway Patrol Retirement System, Columbus, is searching for a non-traditional fixed-income manager to run $10 million to $30 million.
The funding source has not been determined yet, said Mark Atkeson, executive director, earlier this week.
The $750 million pension fund is looking for a commingled fund. Strategies that will be considered include floating rate, multi-sector, long/short credit, duration neutral/tactical duration, or unconstrained. The firm must have at least $1 billion in assets under management and $600 million in the proposed strategy.
Investment consultant Hartland & Co. is assisting.
The RFP is available on the retirement plan's website at https://www.ohprs.org/ohprs/Investments.jsp. Proposals are due June 14. Finalist interviews will take place July 25 with a hiring decision on Aug. 15.
