Sanibel (Fla.) General Employees' Retirement System is searching for an active domestic large-cap core equity manager to run $2.5 million, said Renee Lynch, city finance director. Officials at the $7 million system plan to terminate the existing portfolio manager, State Street Global Advisors, for performance, according to Ms. Lynch. Arleen Roberts, SSgA spokeswoman, said the firm has no comment. The RFP is available on Dahab Associates' website, at www.dahab.com; proposals are due Oct. 14, and Dahab will review and rate the proposals in mid-November. A time for final presentations has not yet been determined.
The plan's asset allocation is 47.5% domestic equity, 9.5% international equity, 41.4% fixed income and 1.6% cash.