Ohio Public Employees' Retirement System, Columbus, is seeking one or more active domestic small-cap core equity managers to run $100 million to $200 million.
The $103.5 billion retirement system, which includes $90.1 billion in defined benefit plan assets, has issued a request for information from managers of active small-cap strategies benchmarked to the Russell 2000 index.
It is an opportunistic search that may or may not result in the hiring of any managers, spokesman Michael Pramik said. It has been a long time since OPERS has searched for small-cap managers and the system believes it's important to continually evaluate the asset class, he said.
As of Dec. 31, the DB plan's actual allocation to domestic equities was 22.5%.
The RFI is available on OPERS' website. Responses are due at 3 p.m. EDT on March 26. A timeline for a decision was not provided.