Wednesday, 23 July 2014
Last updated 12 min ago
Jun 14 2007 | 8:58am ET
The Indiana State Teachers’ Retirement Fund is looking to hire “active extension (partial short) domestic equity portfolios managers,” or 130/30 strategies, and intends to hire at least two managers to manage $150 million to $200 million each.
Managers with a minimum of $500 million in total firm assets are preferred, but the system may consider smaller firms on a case-by-case basis. Ideally, the system is looking for stability in the form of “two key decision-makers who have worked together for a minimum of five years and in their current organizational setting for at least three years,” according to the system. Managers will be benchmarked against be the S&P 500 Index.
The deadline for the search is July 20, and the system anticipates funding the managers by October 1. The request for information can be accessed at http://www.in.gov/trf/pdfs/LargeCapSearchRFI.pdf.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…