Searches and Hires

Chattanooga Fire & Police wants domestic small-cap core equity manager

Chattanooga (Tenn.) Fire & Police Pension Fund is searching for a U.S. small-cap core equity investment manager to run $10 million, said an RFP posted on the website of Dahab Associates, investment consultant to the $225 million pension fund.

Both active and passive strategies will be considered.

This is a new allocation based on a recent asset allocation study, said Steven Roth, chief investment officer at Dahab. He added that the search is also being conducted "to balance out the value bias in (the plan's) small-cap bucket."

The RFP is available on Dahab's website. Proposals are due at 5 p.m. EDT on Sept. 7. There has been no timeline set for selecting a manager, Mr. Roth said.

The pension fund currently has a 65% allocation to equities.