Teachers' Retirement System of Oklahoma, Oklahoma City, will search for one or two active domestic large-cap growth equity managers to run a total of up to $300 million and one active domestic all-cap equity manager to run about $250 million, said Tommy C. Beavers, executive secretary. The board of the $7.7 billion system approved the searches Oct. 27; RFPs will be issued "fairly soon," Mr. Beavers said. Consultant gregory.w.group recommended the new portfolios to add more actively managed assets. No managers will be terminated to fund the new managers.
Danville (Va.) Regional Foundation is searching for domestic small-cap equity managers to run separate $10 million growth and value portfolios, said Barry Bryant, a consultant with Dahab Associates, the foundation's investment consultant. Foundation officials anticipate hiring one active manager for each portfolio, but will accept proposals for passive portfolios and could hire more than one manager within each style. The RFPs are available on Dahab's website, www.dahab.com. Proposals for the value portfolio are due at 5 p.m. EST Nov. 9, and bids for the growth mandate are due at 5 p.m. EST Nov. 16. The foundation also is searching for a manager to run $10 million in emerging markets equities, said Mr. Bryant. Passively managed proposals will be considered, but foundation officials will probably hire an active manager, he said. The RFP is also available at www.dahab.com. Proposals are due at 5 p.m. EST Jan. 10. Aubrey Dodson, executive director of the foundation, referred all questions to Dahab.
Plymouth County (Mass.) Retirement Association is searching for a high-yield bond manager to run up to $20 million, confirmed Bill Farmer, executive director. Officials at the $537 million pension fund have not determined whether the portfolio will be entirely in domestic bonds. The board will consider both commingled and separate account managers. Mr. Farmer said incumbent Columbia Management will be replaced. The RFP is available on consultant Wainwright Investment Counsel's website, www.winvcounsel.com/rfp.html; proposals are due at 2 p.m. EST Nov. 9.
Worcester (Mass.) Regional Contributory Retirement System issued RFPs for managers to run about $10 million and $5 million, respectively, in private real estate and private equity, confirmed Michael J. Donoghue, chairman and chief executive of the $340 million system's board. Mr. Donoghue said the board initiated the searches to add greater diversification. Funding will come from a general rebalancing; no managers will be terminated. Proposals will be accepted for core and value-added real estate and for funds of funds and direct partnerships in private equity, Mr. Donoghue said. The RFPs are available by e-mailing Rosemary Guillette at Segal Advisors, the plan's consultant, at [email protected] Proposals for both are due at 3 p.m. EST Nov. 9.
New Bedford (Mass.) City Retirement System is searching for a manager to run about $4 million in value-added private real estate, according to a posting on the Massachusetts Public Pension Forum website, www.mppf.org. The funding source could not be learned; The RFP is available by e-mailing analyst Carol Tam at consultant Segal Advisors at [email protected] Proposals are due at 3 p.m. EST Nov. 10. Gerry Arnaudet, executive director, was unavailable by press time. Ms. Tam referred all questions to Kevin Leonard, consultant with Segal Advisors, who did not return a call by press time.
Ohio School Employees Retirement System, Columbus, will issue RFIs in November for two enhanced equity index managers to handle $250 million each, and an RFI for an active emerging markets growth equity manager to manage $50 million. The $9 billion fund is adding its first enhanced index managers to beef up returns in a risk-averse manner, said Julie Graham-Price, spokeswoman. Fund officials do not want manager inquiries until the RFIs are posted at www.ohsers.org, Ms. Graham-Price said.
Seattle City Employees' Retirement System issued an RFI on mezzanine and mezzanine-type investments, said Mel Robertson, assistant executive director. The board approved a recommendation to make mezzanine debt a separate asset class, comprising 5% of total assets. The $1.74 billion system will begin to fund several existing commitments soon, Mr. Robertson said, and is looking to add as many as three more mezzanine funds to reach the 5% goal. More information on the RFI can be obtained on the system's website at www.cityofseattle.net/retirement/rfp.htm.
City of Danville (Va.) Employees' Retirement System is searching for an emerging markets equity manager to run $8 million, confirmed Barbara Dameron, executive secretary. It will be the $175 million plan's first portfolio comprising solely emerging markets equity. The RFP is available on the website of plan consultant Dahab Associates, www.dahab.com; proposals are due Jan. 10.