Ohio Public Employees Retirement System, Columbus is searching for women-, minority- and disabled veteran-owned domestic and international equity managers, spokesman Michael Pramik said in an email.
The $99.6 billion retirement system, which includes $85.9 billion in defined benefit fund assets, posted two new ongoing requests for information on its website Monday. A news release from the system said these are opportunistic searches that "may or may not result in any hires." There is no set deadline for information.
The system is seeking long-only, non-leveraged, actively managed strategies. Managers need to have at least 51% ownership by minorities, women or disabled veterans.
PERS terminated its $520 million emerging managers program in May because of underperformance as well as constraints on the universe of potential managers. The current composition of the program was established in 2012 following a restructuring that moved the program to direct investments with money managers from a manager-of-managers structure to reduce fees. The program had been open for Ohio-owned and minority-owned managers.