Los Angeles City Employees' Retirement System plans to issue an RFI for a manager to run $1.1 billion in an S&P 500 index fund and an RFP for a general consultant, pending approval at the $9.3 billion system's Jan. 24 board meeting, said Wayne Ige, investment officer. The contract of incumbent manager Barclays Global Investors expires March 31, and the contract of consultant Pension Consulting Alliance expires in November. Both firms will be allowed to rebid. The RFI and RFP are expected to be on the system's website at www.lacers.org as early as Jan. 25.
State of Wisconsin Investment Board, Madison, is searching for firms to provide consulting services in asset allocation, benchmark setting and performance measurement, manager search and selection, and manager oversight for its $73.9 billion fund. Incumbent Strategic Investment Solutions can rebid. "We are unbundling the services. We don't want to have one consultant doing all three," said Vicki Hearing, public information officer. The RFP will be posted Jan. 27 on its website at www.swib.state.wi.us. Proposals will be due Feb. 17.
Newton (Mass.) Retirement System is searching for an active global fixed-income manager to run $25 million for the $240 million system, confirmed Rafik Ghazarian, consultant with Segal Advisors, which is assisting in the search. The move is being made for diversification. System officials are also seeking a manager to run $20 million in active domestic large-cap growth equities. The RFPs for both searches are available by contacting Brian Keenan at [email protected] Proposals are due at 3 p.m. EST Jan. 30.
Middlesex County Retirement System, Billerica, Mass., is searching for large-cap value managers to run about $45 million, confirmed Wayne MacDonald, deputy director for the $620 million system. Both active and passive strategies will be considered in commingled and separately managed accounts. Mr. MacDonald said the current manager, which he declined to name, will be invited to rebid. The deadline for proposals is 2 p.m. EST Jan. 30. RFPs may be obtained at consultant Wainwright Investment Counsel's website at www.winvcounsel.com/rfp.html.
Fitchburg (Mass.) Retirement System is searching for an active international equity manager to run about $5 million, confirmed Rafik Ghazarian, a consultant with Segal Advisors, which is assisting the $80 million system. Officials will look at both core and core growth strategies and will consider commingled funds, Mr. Ghazarian said. The RFP is available by contacting Brian Keenan at [email protected]galadvisors.com. Proposals are due at 3 p.m. EST Jan. 30.
Lynn (Mass.) Retirement Board is searching for at least one real estate manager to run roughly $8 million in core, value-added and/or opportunistic styles, confirmed Kevin Leonard of consultant Segal Advisors. The RFP is available from Brian Keenan at Segal Advisors at [email protected] The deadline is 3 p.m. EST on Feb. 1. The system has about $179 million in total assets.
Salem (Mass.) Retirement Board is searching for a real estate manager to run $2.5 million in core, value-added or opportunistic styles, confirmed Kevin Leonard of consultant Segal Advisors. The plan has roughly $77 million in assets. Inquiries should be directed to Rosemary Guillette at [email protected] The deadline is 3 p.m. EST Feb. 1.
Swampscott (Mass.) Contributory Retirement System is searching for a real estate manager to manage $1.4 million in core, value-added or opportunistic strategies. Officials want to diversify the $30 million system, said Richard DiPesa, retirement administrator. RFPs are available from Rosemary Guillette at Segal Advisors, the system's consultant, by e-mailing [email protected] The deadline for proposals is Feb. 1.
Oklahoma Police Pension and Retirement System, Oklahoma City, is searching for a long-short equity fund-of-funds manager to run between $50 million and $75 million, confirmed Robert Wallace, executive director of the $1.4 billion system. The RFP is available on the OPPRS website, www.opprs.ok.gov. Proposals are due by 4 p.m. CST on Feb. 3. Asset Consulting Group is assisting.
Indiana Public Employees' Retirement Fund, Indianapolis, is searching for investment management and record-keeping services for its $2.39 billion 457 annuity savings account and $18.8 million legislators' defined contribution plan. To reduce costs, PERF officials might allow the record keepers to manage some or all of each plan's investment options. They could hire separate record keepers for each plan or a single firm, according to the RFP. The RFP is available at www.state.in.us/perf/. Proposals are due Feb. 8.
Holyoke (Mass.) Contributory Retirement System is searching for two managers, one to run $12 million in core growth and high-alpha international equities and one to run $5 million in core real estate, confirmed Daniel R. Owens, executive director of the $160 million plan. For the international portfolio, the board will accept proposals benchmarked against either the MSCI EAFE or the All Country World ex-U.S. indexes, and will consider only commingled or institutional mutual funds, Mr. Owens said. The board will consider only open-end commingled funds for the real estate mandate. Both RFPs are available by e-mailing Brian Keenan of consultant Segal Advisors at [email protected] Proposals are due at 3 p.m. EST Feb. 9.
California Public Employees' Retirement System, Sacramento, issued an RFP for consultants to help it devise strategies and programs for investing in neglected domestic markets and to find emerging managers, brokers and consultants. The $200.7 billion system plans to create a pre-approved list of consultants. The RFP can be found at www.calpers.ca.gov/index.jsp?bc=/business/opportunities/viewsolicitations.xml&id=4. The deadline for proposals is Feb. 22.
Environment Agency Pension Funds, Bristol, England, is seeking managers to run £50 million ($89 million) in active emerging market equities and a £400 million active currency overlay. The £1.3 billion fund issued the RFPs Jan. 17; the deadline for proposals is Feb. 24. Additional information is available by e-mail from Marcus Perrin at [email protected]
London Borough of Bexley Pension Fund, Bexleyheath, England, is seeking two money managers for the £360 million ($636 million) plan's first allocations to hedge funds and private equity. Each manager would run £10 million. Information on the RFP is available via e-mail at [email protected]; proposals are due Feb. 27.
Lincolnshire County Council Pension Fund, Lincoln, England, is searching for a manager to run £120 million ($211 million) in active global equities, assistant CFO David Forbes said. The portfolio's current manager, Bank of Ireland Asset Management, can rebid. Consultant bfinance is handling the search for the £960 million pension plan. Additional information is available via e-mail at [email protected] Proposals are due at noon GMT Feb. 27.
Oklahoma Firefighters Pension and Retirement System, Oklahoma City, is looking for a hedge fund of funds or a multistrategy manager to run $50 million, confirmed Robert Jones, director of the $1.5 billion fund. The RFP is available by contacting Ginger Poplin of the pension office at [email protected] Proposals should be submitted to accounting firm Finley & Cook at: Oklahoma Firefighters Pension and Retirement System, c/o Finley & Cook, P.O. Drawer 1447, Shawnee, OK 74802-1447, or e-mailed to Tom Janisch, researcher with consultant Asset Consulting Group, at [email protected] Proposals are due by 4 p.m. CST March 1.
Los Angeles County Employees Retirement Association, Pasadena, Calif., will issue an RFP by Feb. 28 for an enhanced domestic core fixed-income manager to run $1 billion, said Juan Almaguer, principal investment officer, public markets, for the $32 billion fund. The RFP will be available on the association's website, www.lacera.com. Proposals will be due March 31. Separately, officials in the first week of February will issue an RFI for one or two managers to run $50 million to $150 million each in active domestic corporate governance equity mandates, he said. Proposals will be due Feb. 28.
California Public Employees' Retirement System, Sacramento, issued an RFP for managers to be placed on pre-approved lists of active and enhanced index domestic growth equity firms. Eligible managers must have at least $1 billion in growth equity assets under management and a three-year track record. The RFP can be found on the $200.7 billion fund's website at www.calpers.ca.gov/index.jsp?bc=/business/opportunities/2005-3787/solicitation-doc.xml. Proposals are due March 13.
Illinois State Board of Investment, Chicago, plans to issue an RFP for a research firm specializing in global security risk to screen out prohibited investments connected to Sudan, said William R. Atwood, executive director of the $11 billion fund. The board is doing the search internally It is being coordinated by Kym Hubbard, portfolio manager-emerging/minority managers. Mr. Atwood expects to present qualified applicants to the board for selection March 24.
Federal Retirement Thrift Investment Board, Washington, will search for index managers to run four of the five investment options offered by the $173 billion Federal Thrift Savings Plan, said Tom Trabucco, spokesman. The board will probably issue RFPs by March or April..
Iowa Public Employees' Retirement System, Des Moines, might search for five index fund managers to run a combined $6.755 billion, and might initiate a separate search for portable alpha strategies, said Michael L. Fitzgerald, Iowa state treasurer and a trustee of the $19 billion fund. The system is considering portable alpha strategies as a way of improving performance, Mr. Fitzgerald said. No allocation amount for portable alpha has been considered yet, he added. Wilshire is assisting.