Calvert County Retirement System, Prince Frederick, Md., is searching for a domestic large-cap value equity manager for the county's $31 million Employees Retirement Plan and the $26 million Sheriffs & Correctional Officers Retirement Plan, said Don Ross, managing director with plan consultant Wainwright Investment Counsel. The manager, which could be active or passive, will run about $4.6 million for the employees' plan and $3.9 million for the sheriffs' plan. Both plans share an existing large-cap value manager, which he declined to identify, but fund officials decided it was an "appropriate time" to initiate a search, Mr. Ross said. The existing manager is allowed to rebid.
Wainwright is issuing a single RFP for the two plans, which will be available later today on the consultant's website at www.winvcounsel.com. Proposals are due Sept. 2. Plan officials will likely select a manager by the end of November, Mr. Ross said.