Iowa Public Employees' Retirement System, Des Moines, is searching for a beta overlay manager, said Karl Koch, chief investment officer, in an e-mail.
The $28 billion pension fund issued an RFP for an overlay manager to provide services for cash securitization of parts of the pension fund's portfolio, rebalancing assets to meet policy targets and implementing “staff ideas on hedging, tactical positioning and other derivative strategies that IPERS may wish to execute from time to time,” the RFP said.
The RFP is available on the pension fund's website. Proposals are due at 3 p.m. CDT on Sept. 2. A selection is tentatively schedule to take place some time in October.