Kansas Public Employees Retirement System, Topeka, is searching for an active international equity manager to run about $400 million.
The RFP is available on the pension fund’s website. Proposals are due by noon CDT on Oct. 21 with a hiring decision anticipated in the spring.
Investment consultant Pension Consulting Alliance is assisting with the search.
At its July board meeting, the $16 billion pension fund terminated international equity manager Barings, along with three U.S. equity managers — Voya Investment Management (small-cap core), Loomis, Sayles & Co. (smidcap) and Systematic Financial Management (midcap).
The reasons for the terminations and allocation sizes could not be learned by press time.
The assets managed by Barings were transferred to passive international equity manager State Street Global Advisors. Whether those assets will eventually be transferred to the new international equity manager could not immediately be learned.
The pension fund has long-term domestic equity and international equity targets of 28% and 24%, respectively.
Inquiries for additional information were directed to spokeswoman Kristen Basso, who could not be reached by press time.