City of Newport News (Va.) Employees' Retirement Fund is searching for an active domestic large-cap value equity manager to run about $46 million, said Tonya O'Connell, city financial services manager. The fund has $683 million in assets. The RFP is available on consultant Dahab Associate's website at www.dahab.com. Proposals are due March 14. Final presentations will take place April 20.
Illinois Municipal Retirement Fund, Oak Brook, is searching for a fixed-income manager to run up to $300 million, said Walter J. Koziol, director-investments at the $17.8 billion fund. The board hasn't determined what fixed-income style it will select. Funding will come from a rebalancing of $300 million from an S&P 500/Barra value index fund managed by Northern Trust, leaving it with about $1 billion. Interested firms may contact consultant Ennis Knupp. Fund officials and the consultant hope to select finalists by March 16.
Louisiana Teachers' Retirement System, Baton Rouge, amended its search for an active international small-cap equity manager to allow bids from managers of commingled funds as well as separate accounts, said Bonita Brown, system director. When the $12.4 billion system released the RFP in January, it was not accepting commingled fund proposals, but the board later determined the expected size of the mandate — about $100 million — might not justify the expense of a separate account, Ms. Brown said. Because of the change, the deadline for proposals was extended to 4:30 p.m. CST March 18; Holbein Associates is assisting.
Kansas City (Mo.) Public School Retirement System issued an RFP for a firm to perform a one-time audit of actuary W. Alfred Hayes & Co.'s actuarial assumptions, methodology and opinions, said Cecelia M. Carter, executive director. She said the $734 million pension fund performs a similar audit every five years or so. The RFP is available on the fund's website at www.kcpsrs.org. Proposals are due March 22.
Sanford (Fla.) Police Officers' Pension Fund issued an RFP for an active domestic large-cap value equity manager to run about $4 million, said Kevin Smith, city finance director. The RFP is available on consultant Dahab Associates' website at www.dahab.com. The deadline for proposals is March 25, and officials for the $19 million plan will schedule final presentations for May.
Lexington (Mass.) Contributory Retirement System is searching for a manager to run $10 million in active domestic opportunistic equities, comprising mainly midcap core, said Eric W. Stewart, consultant with Meketa Investment Group, which is assisting. Officials of the $92.8 million fund will consider proposals for either a commingled fund or a separate account. They are adding the mandate for diversification. Funding will come from reducing existing equity mandates; no managers will be terminated. The RFP is available by e-mail from [email protected] The proposal deadline is 4 p.m. EST March 28. Marguerite Oliva, administrator, referred questions to consultant Meketa Investment Group.
Oklahoma Teachers' Retirement System, Oklahoma City, is searching for an active international equity manager to run between $100 million and $150 million, said Bill Puckett, chief investment officer. The $7.4 billion fund is seeking a manager to run a "growth-to-core" mandate, noting the system could use more investments in the growth area. The RFP is available on the retirement system's website at www.trs.state.ok.us. Proposals are due March 31.
Ohio Public Employees Retirement System, Columbus, issued an RFP for two to three hedge fund-of-funds managers to run a total of $25 million to $50 million, marking its first hedge fund allocation, said Richard Baker, spokesman for the $64.5 billion plan. Candidates must manage at least $250 million in hedge fund assets. The RFP is available at www.opers.org. Proposals will be due March 31; Ennis, Knupp will assist.
Waterbury (Conn.) Retirement System is searching for its first international equities manager, which will run $3.8 million in an active EAFE/All Country World index (ex-U.S.) portfolio. RFPs are available by e-mail from Rosemary Guillette at Segal Advisors, at [email protected] The deadline for proposals is March 31, and officials for the $38 million system hope to make a selection by August, said Patrick Jones, director of finance.
Hampshire County Retirement Board, Northampton, Mass., is searching for an investment consultant for its $130 million pension plan, said Patrick Brock, chairman. The plan has no issues with current consultant CRA RogersCasey, he said, but state law requires the fund to do a search every five years. The RFP is available by e-mailing [email protected] Proposals are due at 3:30 p.m. EST April 1.