The STATE OF MONTANA, Montana Board of Investments (hereinafter referred to as "the State") is seeking investment managers to provide non-US active equity Investment Management Services. The State is seeking one or more managers to be benchmarked against each of the following Morgan Stanley Capital International, Inc. (MSCI) Indexes with a minimum allocation of $50.0 million to $100.0 million to each manager, depending upon the manager's capacity. MSCI All County World Index ex USA Standard MSCI All County World Index ex USA Value MSCI All County World Index ex USA Growth The State also seeks one manager to be benchmarked against one of the following MSCI Indexes with a minimum allocation of $50.0 million. MSCI World Index ex USA Small Cap Standard, or MSCI EAFE Small Cap Index