New York City Retirement Systems issued an RFP to expand its economically targeted investments program. Investments made through the $69 billion system's program must provide benefits to the city's moderate and middle-income neighborhoods, including housing, economic development and jobs. Michael Egbert, spokesman, said no deadline has yet been set for submissions and no amount has been established. The RFP is available on the city comptroller's website, at www.comptroller.nyc.gov.
Wyoming Retirement System, Cheyenne, will issue an RFP for an actuary for the $4 billion pension plan by May 27, said Harry Wales, deputy director. Current actuary Buck Consultants' contract will expire later this year, he said. Buck will be asked to rebid. RFPs may be obtained from Mr. Wales via e-mail at [email protected] Proposals are due June 20.
Oklahoma Firefighters Pension & Retirement System, Oklahoma City, issued an RFP for at least one active international equity manager to run a total of $51 million, benchmarked to the MSCI EAFE index, said Robert Jones, executive director. Officials for the $1.2 billion pension plan will fund the new mandate by reducing or terminating a $51 million portfolio managed in a similar style by Credit Suisse Asset Management, which has been asked to rebid for some or all of the portfolio, he said. The RFP is available on the plan's website at www.okfirepen.state.ok.us. Proposals are due June 20. Asset Consulting Group is advising.
London Pension Funds Authority issued an RFP for one or more managers to run up to £75 million ($122 million) total in private equity, said Amanda Walker, scheme finance director. The £2 billion fund is asking for proposals for portfolios covering different geographic areas, such as U.S. private equity. Proposals are due Aug. 13. Hymans Robertson is advising.
Teachers Retirement System of Louisiana, Baton Rouge, plans to issue an RFP in July for an active domestic large-cap value equity manager, said Brian M. Minturn, director and chief executive officer of the $11 billion fund. Applicants will have approximately 45 days to respond once the RFP is issued.
Russian Federation Pension Fund, Moscow, will issue RFPs on July 16 for firms to manage money for the $3.5 billion scheme, said Alexander Podenok, Russia's labor and social development secretary. Mr. Podenok further details will be announced in early June. No consultant is being used.
Juan De La Cruz Farmworkers Pension Fund, Keene, Calif., is conducting a comprehensive study of its $87 million pension plan, with preliminary results expected by mid-June, said Douglas L. Blaylock, administrator. Manager changes are likely, he said, and plan officials are "very interested in looking at real estate." Wurts & Associates is assisting.
Gainesville (Fla.) Consolidated Police Officers & Firefighters Pension Plan will conduct an asset-liability study, to be completed in the next two or three months, said Brian Sergeant, pension management analyst. Consultant Summit Strategies Group will assist the $114 million system.
Seattle City Employees' Retirement System plans to invest about $40 million in alternative investments and $35 million in real estate. There are no specific mandates or timetables, and all searches will be conducted internally. In alternatives, the $1.2 billion pension fund is collecting information about structured-equity or structured-debt strategies involved in middle-market, non-control buy-ins. The fund also seeks more information about direct or fund-of-funds investments in hedge funds. Also, fund officials are interested in collecting information about timber.
Arkansas Teacher Retirement System, Little Rock, is reviewing its $1.8 billion fixed-income portfolio, and changes in managers could result, said David Malone, executive director. Ennis Knupp is assisting the $7.5 billion system.
Metropolitan St. Louis Sewer District Employees Pension Plan expects to conduct asset allocation and asset-liability studies, said Karl Tyminski, secretary/treasurer. Officials for the $115 million plan are looking to add new asset classes, possibly including hedge funds and options overlay programs, he said. New England Pension Consultants will perform the studies.