US - The $6bn Indiana State Teachers Retirement Fund (ISTRF) has put its first private equity mandate out to tender.
The ISTRF is looking for managers who wish to be considered for a discretionary separate account of diversified private equity partnerships. As revealed by IPN in August, the selected manager will run approximately $150m for the fund, filling its 5% private equity allocation target.
Additionally, the ISTRF said that the search is open to all investment managers, particularly minority and women-owned firms, as well as Indiana-based firms.
The search closes on December 12, with a decision expected sometime in the first quarter of 2002. Callan Associates is assisting with the search, and interested parties should contact Craig White at the consultants’ San Francisco office.
By Geoffrey Ho
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.