Kansas Seeks Portable Alpha Managers

Apr 24 2008 | 2:00am ET

The Kansas Public Employees Retirement System is looking for portable alpha managers to provide beta overlay management services to the $14 billion pension fund.

KPERS currently employs one portable alpha manager, and is looking to add approximately four managers initially, increasing the stake to as many as a dozen over time. The system said it employs a “disciplined asset rebalancing policy and desires to add the use of derivatives in implementing the policy.” It also currently implements a cash securitization program and wants to continue with the program “as an integrated part of the beta overlay function.”

The fund currently has $420.8 million, or 3%, allocated to alternatives investments, but has a target allocation of 5% to the asset class.

Interested firms must be in business for at least five years with at least three years experience in providing beta overlay services to public pension funds of similar size to KPERS, and have at least three public pension fund clients.

The deadline for the RFP, which can be accessed at the pension fund’s Web site. is 5:00 p.m. central time on May 16.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...