SEARCHES AND HIRES

San Francisco issues call for global, international equity managers

San Francisco City & County Employees' Retirement System is searching for active global or international equity managers to run between $150 million and $500 million total.

“Managers with a geographic focus such as emerging markets, Europe or Asia will be considered,” the RFP said. “The review committee will also consider a wide range of capitalization and investment styles, including large-cap, small-cap or all-cap products, and growth, value or core products.”

The $21.7 billion pension fund has an 18.75% target allocation to international equity and a 2.5% target to global equity.

Further information, including how the allocation will be funded, was not available.

The RFP is available on the pension fund's website.

Proposals are due at 5 p.m. PDT June 30. Investment staff expects to select finalists by the Sept. 13 board meeting and recommend manager or managers to be hired at its Dec. 13 meeting.

Norm Nickens, board secretary, could not be reached for comment.