Ohio School Employees Retirement System, Columbus, is searching for an active currency overlay manager to implement an overlay program for $500 million of its international equity portfolio, said Tim Barbour, pension fund spokesman, in an e-mail.
The $12.8 billion pension fund issued an RFP for an “active currency (non-static hedging or active currency) program for a portion of its non-U.S. equity portfolio,” the RFP said. The manager will be in addition to the pension fund’s other current manager Fischer Francis Trees & Watts, which overlays about $1 billion in international equity assets.
Proposals are due at 4 p.m. EST on Nov. 28. A decision is expected in February.
The RFP is available on the pension fund’s website.