Iowa pension kicks off absolute return search

The $39 billion Iowa Public Employees’ Retirement System (IPERS) in Des Moines is looking to hire several investment firms to execute absolute return investment strategies, according to an RFP issued today.

The size of the mandate has yet to be decided and is subject to the opportunity set and discretion of IPERS. The selection process has been broken down in three phases and RFP responses are due back to the pension on October 7.

Initially in the first phase, officials will collect quantitative and qualitative . . .

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