City of Jacksonville (Fla.) General Employees Pension Fund soon will issue RFPs for two active domestic small-cap managers, one value and one growth, each to run $100 million. The value manager will replace Loomis Sayles, which was terminated because the funds board of trustees wanted to change managers, said Angela Wester Morrow, pension coordinator. She refused further comment.
The growth manager will be the first for the $1.6 billion plan. Funding will come from active domestic value equities, said Ms. Wester Morrow. She declined to provide details.
Proposals are due Sept. 1; interested firms should e-mail proposals to [email protected] Selections will be announced at the end of September.
Merrill Lynch is assisting.
The plan also hired Northern Trust Quantitative to run an active S&P 500 index portfolio. Funding for will come from active domestic value equities, she said.