Orange County Employees Retirement System, Santa Ana, Calif., launched an RFI for one or more emerging markets equity managers to run a total of $50 million to $150 million.
“The belief of staff, NEPC and the investment committee is that the investment strategies as well as the opportunity set in (emerging markets equity) continue to evolve,” according to the RFI.
OCERS officials are exploring a possible new structure with one or more managers providing the core exposure — perhaps using a top-down, or structured process — and other managers offering “satellite” exposure, in such strategies as small-cap, consumer-oriented investments, concentrated strategies, “or other such strategies that appear to offer attractive return opportunities in the emerging markets,” the RFI states.
The RFI is on the website of OCERS general investment consultant, NEPC. Responses are due Sept. 20 at 5 p.m. EDT to Anthony Ferrara, a senior analyst at NEPC, at [email protected]. A selection could be made as early as Nov. 20.