Pennsylvania Municipal Retirement System, Harrisburg, is searching for a manager to run a $50 million real estate mandate, said James Allen, secretary of the municipal retirement board. He said the $1.3 billion system is currently invested in a CIGNA closed-end commingled fund, which is winding down.
Plan officials are seeking proposals from open- or closed-end diversified funds, according to the RFP, which will be available on consultant Dahab Associates' website, www.dahab.com. Proposals are due Jan. 4. Final presentations are slated for the Jan. 20 board meeting, and the board plans to make a selection then.