Washington Combined Pension Board seeks hedged equity income manager
By Kevin Olsen | March 14, 2013 3:55 pm
Washington (Pa.) Combined Pension Board is searching for a manager to run $2 million in a hedged equity income investment strategy, according to an RFP posted on the website of the board's investment consultant Morrison Fiduciary Advisors.
The city has $28 million in pension assets. The pension fund has a target asset allocation of 35% each to large-cap equity and intermediate fixed income, 10% each small/mid cap equity and foreign equity and 5% each high-yield fixed income and real estate.
The RFP is available on Morrison Fiduciary Advisors' website. Proposals are due at 2 p.m. EDT March 28. A hiring date was not specified.
Susan Koehler, deputy finance officer for the city and pension coordinator for the plan, and Robert Bulas, consultant at Morrison Fiduciary, could not be reached by press time for more information.