Alameda County launches emerging markets equity search

Alameda County Employees' Retirement Association, Oakland, Calif., is searching for an active emerging markets equity manager to run about $180 million, according to an RFP posted on the $7 billion pension fund's website.

The pension fund issued the RFP because of a new target allocation to emerging markets equity of 10% within the overall 26% international equity target. The funding source could not immediately be learned. The pension fund initially announced its intention to launch a search in January.

Proposals are due at 5 p.m. PDT on July 7. Finalist interviews with the investment committee are scheduled for Nov. 8, with a decision to come shortly thereafter.

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

Michael Fara, pension fund spokesman, could not be immediately reached to provide further information.