Ohio Public Employees' Retirement System, Columbus, is searching for managers of emerging equity managers.
The $103.5 billion retirement system, which includes $90.1 billion in defined benefit plan assets, issued a request for information because it wants to increase its exposure to emerging women- and minority-owned managers, spokesman Michael Pramik said.
OPERS, which currently does not have any external managers of emerging managers, is interested in information from managers of emerging women- and minority-owned managers of active international developed markets, emerging markets and domestic small-cap equities. This is an opportunistic search that may not result in the hiring of managers, Mr. Pramik said. There is no specific allocation sought.
The RFI is available on OPERS' website. Responses are due at noon EDT on April 2. Selections, if any, are expected in August or September.