Massachusetts Turnpike Authority Employees Retirement System, Boston, is searching for a global tactical asset allocation manager to run $30 million for the $185 million pension fund. The RFP is available on the website for the Massachusetts Public Pension Forum, www.mppf.org. The deadline for proposals is July 29. New England Pension Consultants is assisting.
New York City Retirement Systems issued an RFP for a private equity consultant for four of the systems' five pension funds, said Yvette Jackson, spokeswoman. The contract of incumbent Pacific Corporate Group expires soon. PCG is private equity consultant to the $87 billion New York City employees', the $30 billion teachers', the $16.6 billion police and the $5.6 billion fire pension funds. The RFP is available at www.comptroller.nyc.gov/bureaus/bam/rfps.shtm. Proposals are due Aug. 1.
Pembroke Pines (Fla.) Fire and Police Retirement System is searching for a real estate manager to run $20 million, said Karen Warner, plan administrator. The $200 million plan is making an initial real estate investment for an "extra layer of diversification;" funding will come from a general rebalancing and cash, she said. A posting on consultant Dahab Associates' website said the board will consider splitting the allocation between a core diversified property fund and an alternative real estate investment, which could include timber or REITs. Proposals are due Aug. 2, according to the posting on Dahab's website.
Sunrise (Fla.) Firefighters Retirement System is searching for a real estate manager to run $5 million in a core diversified property fund, according to a posting on consultant Dahab Associates' website. The RFP is available from Dahab, and proposals are due Aug. 2. Further details were not available. Officials at the $50 million pension plan and Lillian Jones, managing director and senior consultant with Dahab, did not return calls by press time seeking comment. Gregory A. McNeillie, senior vice president and senior consultant with Dahab, was unavailable for comment by press time.
Los Angeles County Employees' Retirement Association, Pasadena, Calif., issued an RFI for consulting and discretionary investment advisory services for potential private equity co-investments by the $31.1 billion pension plan, said Christopher J. Wagner, senior investment officer, alternative assets. The association's board wants to get information on ways to structure a co-investment program, along with the potential cost, before it decides whether to go ahead. The RFI is available on the fund's website at www.lacera.com. Responses are due Aug. 3; the board could decide on whether to create a co-investment program within the next six months.
Ohio Public Employees Retirement System, Columbus, issued an RFI for one or two international enhanced core equity managers to handle a total of $300 million to $700 million, said Richard Baker, spokesman for the $64.5 billion fund. The managers would be benchmarked to the MSCI All Country World index ex-U.S. Funding would come from rebalancing the fund's $15 billion international equity portfolio; no existing manager would be terminated. The RFI is available at the fund's website at www.opers.org. Responses are due Aug. 5.
Falmouth (Mass.) Contributory Retirement System is searching for an active domestic midcap core equity manager to run about $9 million and an international bond manager to run about $2 million, according to RFPs issued by plan consultant Wainwright Investment Counsel. The midcap core portfolio will be benchmarked to the Russell Midcap index. A town official who asked not to be identified said both allocations are new. Information about the source of funding was not available. Ellen Philbin, interim executive director of the $65 million plan, referred questions to Jeff Fabrizio, vice president of Wainwright. Mr. Fabrizio did not respond to requests for comment. The RFP is available on Wainwright's website at www.winvcounsel.com; proposals are due at noon EDT Aug. 5.
Massachusetts Pension Reserves Investment Management board officials will consider a proposal to make the $36 billion fund's first investments in commodities, said Timothy P. Cahill, state treasurer and PRIM board chairman. Under the proposal, which will be discussed at an Aug. 4 board meeting, two percentage points of PRIM's current 5% passive TIPS allocation will be allocated to actively managed global TIPS with a commodity overlay.
Ohio School Employees Retirement System, Columbus, will consider investing in an additional real estate fund and possibly hire a private equity consultant. The $8.6 billion system's board will consider the moves at its July 28-29 meeting, according to its agenda. Calls to James Winfree, the fund's executive director, were referred to spokeswoman Laurel Johnson, who declined to comment.