Pennsylvania Municipal Retirement System, Harrisburg, is searching for two managers to run $50 million each in active international equities for the $1 billion plan. Funding will come from reducing a $150 million equal-weighted EAFE index fund managed by State Street Global, said Lillian Jones, senior consultant at Dahab Associates. Changes are being made for diversification, she said.
RFPs are available at www.dahab.com. Proposals are due by 4 p.m. EDT April 16. A selection will be made in May.