Idaho Endowment Fund Investment Board, Boise, is conducting a shortlist search for a midcap value equity manager to run about $90 million, said Chris Anton, manager of investments.
Callan, investment consultant to the board, which oversees $2.3 billion in endowment assets, is assisting with the search.
The current midcap value manager is Systematic Financial Management. The search is being conducted because the portfolio manager running the strategy, Ronald Mushock, is on medical leave, and the board wants to consider its options, Mr. Anton said.
Mr. Anton said he expects the board to make a decision by the end of the month.