Ohio Public Employees Deferred Compensation Program, Columbus, is searching for an active domestic large-cap growth equity manager, confirmed Keith Overly, executive director.
The selected manager will replace the Janus Twenty fund, managed by Janus Capital Group. Mr. Overly said Janus has been notified it will be terminated for a combination of performance and personnel moves. Janus manages about $250 million in the fund for the $10 billion DC plan. Janus spokesman John Groneman did not return a telephone call seeking comment by press time.
The DC plan is looking for strategies that are benchmarked to the Russell 3000 Growth or Russell 1000 Growth indexes.
Investment consultant Hewitt EnnisKnupp is assisting with the search. Interested managers can contact Usman Khan, investment consultant, at [email protected] for the RFP. Proposals are due Nov. 8. A decision is expected in the first quarter of 2014, Mr. Overly said.