Jacksonville (Fla.) General Employees Pension Fund issued RFPs for one or more active domestic intermediate-term bond managers to run a total of $125 million and for an investment consultant, said Camille Cossa, pension administrator. Current bond manager Taplin, Canida & Habacht and incumbent consultant Merrill Lynch are both allowed to rebid, Ms. Cossa said. Their five-year contracts expire Sept. 30, and city ordinance requires the search. The RFPs are available on the city's website, www2.coj.net/RFP. Responses are due May 28, and trustees of the $1.6 billion plan will make selections in September.
Separately, the plan hired Seneca Capital to run $93 million in active domestic small-cap growth equities, Ms. Cossa said. Seneca replaced Putnam Investments, which was terminated in November from a similar portfolio following market-timing charges, she said. The money was parked in a Russell 2000 index fund run by custodian Northern Trust.