Ohio School Employees Retirement System, Columbus, is searching for a manager to implement an active currency program for a portion of its international equity portfolio, said Tim Barbour, spokesman.
The $12.2 billion pension fund issued a request for quotations for a manager to implement an active currency program for the $2.3 billion developed markets portion of its $2.6 billion international equity portfolio. The pension fund said in the RFQ it does not wish to hedge emerging markets currencies.
The pension fund had previously discontinued a currency hedging program on Jan. 1, 2014. Mr. Barbour said that was a passive overlay program and the board has had discussions since then on replacing it with an active program.
Proposals are due at 4 p.m. EST on Nov. 9. Finalist presentations are scheduled for January, with a decision expected shortly thereafter.
The request for quotations is available on the pension fund's website.