Des Moines-based Iowa Public Employees’ Retirement System (IPERS) is seeking two active domestic smidcap equity managers, Pension & Investments reports. The $23 billion system will appoint one manager in value and one in growth to manage $150 million each.
The hires will be the inaugural allocation to active smidcap, for which funding will be provided from cash or from reducing the Mellon Capital-managed Wilshire 4500 Index fund or both. The Wilshire 4500 fund is currently valued at $1.2 billion.
Click here for the story from Pension & Investments.
