Kansas Public Employees Retirement System, Topeka, will issue an RFP for a firm to provide currency overlay management services in the second half of 2015, said Alan Conroy, executive director, in an e-mail.
Additional details on the search could not be learned by press time.
Separately, the pension fund committed up to $240 million to four funds:
- up to $100 million to IFM Global Infrastructure Fund, managed by IFM Investors;
- up to $50 million to TPG Growth III, a buyout fund;
- up to $50 million to EnCap Energy Capital Fund X, an oil and gas fund managed by EnCap Investments; and
- up to $40 million to Harrison Street Real Estate Partners V, a real estate fund managed by Harrison Street Real Estate Capital.
The $16 billion pension fund’s long-term target allocations to real return, real estate and alternatives are 11%, 11% and 8%, respectively.