Iowa Plan Extends Deadline For Enhanced Cash Portable Alpha RFP

Oct 27 2006 | 6:56am ET

The Iowa Public Employees’ Retirement System has extended the deadline for an RPF for managers to handle a $2.3 billion enhanced cash portable alpha mandate. The new date for inquiries is Nov. 1 and proposals are due Nov. 14. 

According to the RFP, which can be found on the plan’s Web site, “IPERS seeks proposals from managers that can provide a bundled portable alpha product in which S&P 500 Index derivatives are used to ‘port’ large cap U.S. equity exposure onto an actively managed portfolio of fixed income securities or a short-term U.S. cash equivalent investment strategy.”

The $20 billion plan is looking to hire two or three managers to handle the allocation. All inquiries should be directed toward the plan’s consultant, Wilshire Associates.


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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of