Iowa Plan Issues $400M Portable Alpha RFP

Feb 1 2007 | 12:50pm ET

The Iowa Public Employees’ Retirement System is seeking global multi-strategy, multi-asset class portable alpha managers for a $400 million mandate.

The pension plan issued a request for proposals today, saying it “seeks proposals from managers that can provide investment management services for an active global multi-strategy, multi-asset class product that will be utilized to provide the ‘alpha’ in a portable alpha strategy.”

IPERS said it expects to hire two managers for the mandate. Interested parties are required to be registered with the Securities and Exchange Commission and must have at least $2 billion in assets under management and a five-year track record. The pension plan said it would not consider fund of funds or manager of managers approaches.

Proposals are due March 1. The RFP can be found on the Web site of IPERS’ investment consultant, Wilshire Associates.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note