Missouri State Employees' Retirement System, Jefferson City, and consultant Meketa Investment Group have issued a request for information seeking to identify investment management organizations that could offer bundled/platform passive management services for the pension fund.
According to a notice on MOSERS website, this approach would allow MOSERS to "retain one or more passive investment managers who could implement various passive portfolios across a variety of potential mandates, including large cap public equity, small cap public equity, global equity ex-China, core fixed income, U.S. high yield," among others.
This engagement, the notice stated, is "likely to consist of zero-to-several funded strategies at any given time." It is expected that the funding amounts will range from about $100 million to upwards of $500 million per mandate/strategy.
Management fee schedules for each of these potential indices/mandates would be preapproved and maintained/updated throughout the relationship, the notice added.
A questionnaire for prospective candidates is due by 5 pm PT on January 19.
Meketa declined to comment, while MOSERS could not be reached for further details.
MOSERS had about $8.7 billion in assets as of June 30.