The RFP’s are for a large cap domestic equity enhanced index manager benchmarked to the S&P 500, and for a small/mid cap domestic equity active manager benchmarked to the Russell 2500 Value.
Regarding the first engagement, OHPRS said it is considering modifications to its investment portfolio through the selection of an enhanced large core manager, and as such is “seeking to identify candidates that may complement its existing investments which, in the aggregate, are structured with the goal of meeting or exceeding the System’s 8% actuarial rate of return without taking undue risks.” OHPRS says it is interested in evaluating managers who are qualified to operate an investment of approximately $30,000,000.
SMID Value Search
Additionally, OHPRS is considering modifications to its investment portfolio through the selection of a SMID Value manager, and is interested in evaluating managers who are qualified to operate an investment of approximately $20,000,000.
Hartland & Company is the system’s investment consulting firm.
The RFPs are available online at https://www.ohprs.org/ohprs/RFP.jsp
OHPRS provides age and service, disability, survivor, and death benefits, as well as health care coverage for benefit recipients and their eligible dependents.