Ohio State Highway Patrol Retirement System, Columbus, will search in the third quarter for its first active emerging markets debt manager, said Dennis Smith, chief investment officer.
The $905 million pension fund's board at its April 19 meeting approved issuing an RFP no sooner than the third quarter to add emerging markets debt as part of its opportunistic fixed-income portfolio. The amount of the search, timeline and funding source have yet to be determined. The current allocation to opportunistic fixed income is 9%, Mr. Smith said.
The RFP will be available on the pension fund's website between July and September.
Investment consultant Hartland & Co. is assisting.