The $700 million San Antonio (Texas) Fire and Police Pension Fund is conducting an internal search for a value-oriented index manager to run a $45 million portfolio modeled on the Russell 1000 value index. Weir Labatt, executive director, said the manager is expected to be signed within 60 days. He said no existing managers will be terminated; assets will be reallocated from the plan's active value equity managers. RFPs have been sent to a list of managers selected by the staff. Finalists have not yet been named.