US - The $6.4bn Rhode Island Employees' Retirement System (RIERS) is searching for managers to run a total of up to $500m in active US small cap equities mandates.
The three small cap mandates up for tender are for US core, value and growth equities. The benchmarks for the three mandates will be the Russell 2000 Index for the core-oriented approach, the Russell 2000 Growth Index for the growth-oriented brief, and the Russell 2000 Value Index for the value-oriented portfolio.
The three mandates combined are worth $500m, and is approximately 8% of the total RIERS portfolio. The deadline for submissions of interest is September 28, and the fund expects to hold interviews with the selected finalists in late November / early December. Wilshire Associates is assisting RIERS with the search.
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