New York State Insurance Fund, New York, is searching for one or more managers of emerging managers, said an RFP posted on the fund’s website.
The focus will be on active equity managers. U.S. domestic strategies, benchmarked against the Russell 1000 index and/or the Russell 3000 index, and international and/or global strategies, benchmarked against a relevant market index, will be considered, the RFP said.
The targeted allocation size is between $100 million and $200 million.
Further details, including a funding source, could not be learned by press time.
The state insurance fund consists of the state’s Workers’ Compensation Fund and the Disability Benefits Fund, with combined assets of nearly $15 billion.
The RFP is available on NYSIF’s website. Proposals are due at 2 p.m. EDT on May 22. A timeline for a hiring decision has not yet been determined.
An official in the purchasing department declined to comment on the search as the bid process has just begun.