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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note