Charlottesville (Va.) Retirement Fund is searching for an active domestic small-cap growth equity manager to run about $2.7 million, said Gregory A. McNeillie, senior vice president at plan consultant Dahab Associates. The RFP is available at www.dahab.com, and proposals are due Dec. 6. A date for choosing finalists hasn't been determined, but finalists will make presentations in March, when a selection will be made, he said. The $70 million pension fund will replace Constitution Research & Management; Mr. McNeillie said the manager has underperformed its Russell 2000 Growth index benchmark over the last couple of years.
Jennifer Brown, city treasurer, referred questions to Mr. McNeillie. Richard M. Drury, partner at Constitution Research & Management, did not return a call by press time seeking comment.