Ohio State Highway Patrol Retirement System, Columbus, is searching for its first active emerging markets debt manager to run up to $25 million, said Mike Press, general counsel.
The $905 million pension fund issued an RFP as a result of its board's April 19 approval to add emerging markets debt as part of its opportunistic fixed-income portfolio. The pension fund is looking for strategies that "may include a blend of sovereign, non-sovereign USD-denominated and local currency issuances," the RFP states.
As of June 30, the allocation to opportunistic fixed income was 9%. A funding source has yet to be determined.
The RFP is available on the pension fund's website. Proposals are due on Sept. 7. The pension fund hopes to make a decision within the next three to six months, Mr. Press said.
Investment consultant Hartland & Co. is assisting.
