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.


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