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

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of