Thursday, March 28, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, April 20, 2012
After Dumping Goldman Sachs, Hawaii ERS Quietly Seeks New Managers for $1.2B
By Selected News Articles @ 2:25 AM :: 5623 Views :: Energy, Environment

Hawaii Employees seeks equity managers to run up to $1.2 billion

by Kevin Olsen, P&I Online, April 17, 2012

Hawaii Employees' Retirement System, Honolulu, is searching for up to three domestic large-cap equity managers to run a total of about $1.2 billion, according to sources.

The $10.7 billion retirement system is looking for two managers to run about $300 million each in active growth and one manager to run about $600 million in passive growth or value. The final size of each portfolio could vary, according to RFIs posted on Pension Consulting Alliance's website.

The RFIs refer only to a public pension fund client in Hawaii. Neither Rod June, chief investment officer, nor Neil Rue, PCA managing director, would confirm it is the Hawaii Employees' Retirement System.

Mr. June said in a telephone interview in February that the retirement system would issue RFPs within a few months. He said then that the passive mandate would be funded from the termination of Goldman Sachs' $593 million active-large cap mandate. The firm was terminated in October and the assets were parked in a Mellon Capital Management large-cap growth index fund.

At that time, Mr. June also said the active search would be partially funded from the current $460 million active large-cap portfolio run by Atalanta Sosnoff Capital, which is on the retirement system's watchlist for performance. Atalanta is invited to rebid. The rest of the funding was not specified.

The RFIs are available on PCA's website.

Proposals are due May 7. A hiring date was not specified.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT