Newport News Employees looking for international value equity manager

Newport News (Va.) Employees’ Retirement Fund is searching for an active international value equity manager to run about $12 million, said Tonya O’Connell, the pension fund’s financial services administrator, in an email.

The $889 million pension fund issued an RFP because DePrince, Race & Zollo, the current international value equity manager, is closing its strategy later this year, Ms. O’Connell said.

Proposals are due at 5 p.m. EDT on May 2. A timeline for a decision has yet to be determined. The RFP is available on Dahab’s website.