Indiana Searches For 130/30 Strategies

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.


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