New Orleans Sewerage & Water Board Employees Pension Fund, with $157 million in assets, has agreed, as expected, to issue RFPs for an active domestic large-cap growth manager and a passive domestic large-cap manager to run a total of $22 million, said Marcia A. St. Martin, deputy director.
The RFPs will be sent out tomorrow, she said. The due date has not yet been established. The fund uses Chancellor LGT Asset Management as a large-cap manager and ``we may be replacing Chancellor,'' she said. David Thomas of the New Orleans office of Prudential and Toni Hackett of Washington Hackett are assisting. The board hopes to have the new managers on board by Oct. 1.
