Danville (Va.) Regional Foundation is searching for a manager to run $10 million in emerging markets equities, said Barry Bryant, a consultant with Dahab Associates who is assisting with the search. Passively managed proposals will be considered, but foundation officials will probably hire an active manager, he said. The new foundation is being formed from proceeds of the roughly $200 million sale of the Danville Regional Medical Center to LifePoint Hospitals.
The RFP is available on Dahab's website ,www.dahab.com. Proposals are due at 5 p.m. EST Jan. 10. Final presentations will be scheduled for February, but a date has not been determined. Selections would likely be made the day of final presentations, Mr. Bryant said.
Aubrey Dodson, executive director of the foundation, referred all questions to Dahab.