Chicopee (Mass.) Contributory Retirement System is searching for a private real estate investment manager to run a $1.5 million apartment real estate portfolio, said Susanna Baltazar, executive director. The $119 million system has an 8% target real estate allocation, said Kevin Leonard, the Segal Advisors, the system's consultant. RFPs are available from Carol Tam of Segal Advisors at [email protected]; proposals are due Feb. 24.
Indiana State Teachers' Retirement Fund, Indianapolis, is searching for a manager to run $140 million in active domestic "smid-cap" growth equities and one or two firms to run a $100 million to $200 million global TAA portfolio, said Steffanie Rhinesmith, equity analyst, who is helping coordinate the searches. Funding for the $3.9 billion plan's "smid-cap" search will come from $140 million parked in a RhumbLine Advisers S&P 600 index fund; the plan's board wants to move the money to active management. RhumbLine will continue to manage a $350 million S&P 500 index fund for the plan. Global TAA funding will come from reducing a $587 million Russell 3000 index fund run by Barclays Global Investors. The requests for indication of interest for both searches are available at www.in.gov/trf. Managers should contact consultant Callan Associates to indicate their interest in either search by Feb. 25, and managers that aren't in Callan's database must complete a questionnaire by March 11.
Cambridge (Mass.) Retirement Board is searching for two active domestic equity managers, one to run $22 million in small-cap growth and the other to handle $14 million in midcap value. The portfolios may be run either as separate accounts or in commingled investments. Funding will come from terminating two managers, said Ann Le Duc, director of the $560.5 million pension plan. RFPs are available by e-mail from Carol Tam of Segal Advisors, at [email protected] The deadline for proposals is Feb. 28 for the small-cap search and March 3 for the midcap search
Methuen (Mass.) Contributory Retirement System is searching for an active domestic large-cap core equity manager to run $28 million. Kevin Leonard of Segal Advisors is assisting the $70.1 million plan. The RFP is available by e-mail from Rosemary Guillette at Segal Advisors, at [email protected]; proposals are due Feb. 28.
Plymouth (Mass.) County Retirement System issued an RFP for a general consultant, said John F. McLellan, chairman and treasurer of the $475 million plan. Regulations call for contracts to be put out to bid every five years or so; incumbent Wainwright Investment Counsel is welcome to bid, he said. Interested parties should contact William Farmer, plan administrator, by March 11.
Ohio Highway Patrol Retirement System, Columbus, issued RFPs for managers to run international equity, active domestic core fixed income, a hedge fund of funds and a private equity fund of funds. The international equity manager would handle $45 million that had been run by Bank of Ireland Asset Management, which was terminated in October, said Richard Curtis, the $700 million system's executive director. The fixed-income manager would handle $50 million, which would be taken from a $118 million core bond portfolio run by Munder Capital Management, currently the system's only fixed-income manager. The hedge and private equity fund-of-funds managers would each handle $35 million; both are the system's first allocations to the asset classes. The RFPs can be found at the system's website, www.ohprs.org. Proposals for the domestic bond and international equity assignments are due March 15; proposals for the funds of funds managers are due March 31. Ken Brunke in the Chicago office of Callan Associates is consultant.
Haverhill (Mass.) Retirement System issued an RFP for a manager to run about $5 million in active domestic high-yield fixed income, a new asset class for the $145 million pension fund, said Bart Earley, senior investment analyst with consultant Wainwright Investment Counsel. The portfolio will be benchmarked to the Lehman Brothers High-Yield bond index. The RFP is available on Wainwright's website, www.winvcounsel.com. Proposals are due March 17. Kathleen Gallant, the plan's administrator, referred all questions to the consultant.
Milwaukee City Employes' Retirement System is searching for a consultant to provide fiduciary audit services for the $4.3 billion fund, including detailed examination of its investment policy, manager search process and money manager fees. The RFP is available at http://www.cmers.com/ers/business.htm. Proposals are due March 21.
Public School Teachers Pension & Retirement Fund of Chicago is searching for minority-owned and woman-owned managers to run a total of $50 million in real estate for the $10.3 billion fund. Interested firms should contact Townsend Group, the fund's real estate consultant, about completing its questionnaire on real estate performance and experience, said Rob Kochis, principal at Townsend. There is no deadline for submission, although Mr. Kochis said the fund could start considering managers in March.