Iowa PERS Kicks off New Absolute Return Manager Search

The Iowa Public Employees Retirement System has issued a new RFP for 2025 to hire multiple managers offering absolute return strategies for the pension, pending finalized mandate value.

The pension said it is looking for strategies with a minimum AUM of $500M that have a continuous track record of at least five full years, as of year-end 2024. Managers offering multiple products must submit separate proposals for each of them.

Iowa will accept proposals until 4 pm, Central time, on February 21, and will entertain inquiries until January 17. The selection process will be divided in three phases, with the issuance of a phase two RFP set tentatively for March 21.

Dakota previously reported on December 6, 2024, that the pension’s evaluation committee recommended the hiring of five finalists in its absolute return manager search last year, namely AQR Helix Strategy, Brevan Howard Alpha Strategies Master Fund Limited, Bracebridge Absolute Return Composite, Blackstone Strategic Opportunity Fund, and Navigator Fund.

Written By: Dakota

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Iowa PERS Kicks off New Absolute Return Manager Search

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