City of Jacksonville (Fla.) General Employees’ Pension Fund will begin searches next month for small-cap growth and S&P 500 index managers to run $52.5 million each. The $1.5 billion fund is moving into the asset classes as a result of a recently completed asset allocation study, which found the plan overly involved with value investing. Funding sources have not been determined. RFPs for the searches are expected to be released in May; interested firms should contact the sponsor to be placed on the bid list.
Merrill Lynch is assisting.
