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
Salvus Master Trust has launched a new product in a bid to help firms remove the cost of administering the pots of deferred and legacy trust-based defined contribution (DC) members.
Plans to invest more than £3bn in strategic initiatives
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.