Connecticut Retirement Plans & Trust Funds, Hartford, is searching for a U.S. small-cap equity manager to run 1.5% to 2.5% of the $40 billion pension fund.
The search is being conducted to rebalance its domestic equities portfolio, confirmed Michelle Woods-Matthews, spokeswoman for Shawn T. Wooden, Connecticut state treasurer and principal fiduciary of the CRPTF. This would be a new allocation for the state plans.
The pension fund had a target allocation of 20% to domestic equities as of June 30, according to the state treasurer's investment policy statement.
The RFP is available on the treasurer's website. Proposals are due 5 p.m. EST on Feb. 19. A selection is expected to be made in the second quarter.