Detroit General Retirement System will issue an RFP in the next three...

Detroit General Retirement System will issue an RFP in the next three to four months for an active international small-cap value equity manager to handle $75 million to $100 million, said Adrian Anderson, a consultant at Northpoint Advisors, general consultant to the $3.4 billion fund. Funding will come from proceeds of a pension obligation bond the city of Detroit issued early last year. Details about the search have not been finalized. Calls to Walter Stampor, the fund's executive director, were not returned by press time.