Overland Park (Kan.) Police Department Retirement Plan is searching for a manager to run about $2 million in a timber portfolio, confirmed David Lee, director of manager research with Dahab Associates, investment consultant to the $40 million pension plan. Funding will come from a redistribution of assets, Mr. Lee said. It is a new asset class for the plan, which is looking to diversify, he said. Mike Russo, manager of the plan, referred a request for information to Dahab.
The RFP is available on Dahab's website, www.dahab.com. Proposals are due at 5 p.m. EST March 31, with final presentations planned for May 10.