Ohio Bureau of Workers’ Compensation, Columbus, issued an RFP for a passive domestic large-cap equity manager to run about $2.6 billion for the $22 billion State Insurance Fund, confirmed spokeswoman Melissa Vince.
Funding comes from Russell 3000 index strategies managed by Northern Trust and Mellon Capital Management.
Last year, the SIF established a new domestic equity allocation of 12% passive large cap, 7% total active midcap and small cap; and 1% minority-owned managers of managers and/or women-owned active managers.
The previous 20% domestic equity allocation was entirely managed in the passive strategies by Northern Trust and Mellon. Both managers are invited to rebid.
Proposals are due at 2 p.m. EDT on July 30. Finalist presentations are scheduled for the week of Aug. 15 with an award date of Aug. 29 scheduled.
The RFP is available on the bureau's website.
