Ohio State Highway Patrol Retirement System, Columbus, is searching for a tactical asset allocation manager to run between $10 million and $25 million, said Dennis Smith, chief investment officer.
The $840 million pension fund is seeking its first TAA manager based on the recommendation of investment consultant Hartland & Co., said Mr. Smith. The appeal of the strategy, he said, is that it is a much more liquid approach than something like a hedge fund.
A funding source has yet to be determined; no managers will be terminated.
The RFP is available on the pension fund’s website. Proposals are due Dec. 12. Finalist interviews and manager selection are scheduled for February 2015.