Ala. PACT Seeks Int'l Equity Managers

June 16, 2008

The $702 million Alabama Prepaid College Tuition (PACT) Trust Fund is searching for international core or growth equity managers. According to the RFP, which was issued by the Office of the Alabama State Treasurer, the PACT fund is interested in hiring multiple firms for an expected five-year term. The managers will have the option of using emerging markets and the portfolios will be benchmarked against the MSCI EAFE index. The RFP states that the PACT fund currently has a 21% allocationor approximately $146 millionin international equity.

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