Texas Prepaid Higher Education Tuition Board, Austin, issued one RFP for an active domestic small-cap core equity manager to run $175 million and another for an active international value equity manager to run $110 million, according to the Texas Building and Procurement Commission's website. The small-cap manager will be benchmarked against the Russell 2000 index, and the international manager will be benchmarked against the S&P/Citigroup PMI World ex-U.S. Value index and the S&P/Citigroup PMI Global Ex-US index. The contracts of T. Rowe Price, the incumbent small-cap manager, and Mondrian Investment Partners, the incumbent international manager, expire Aug. 31, and both firms can rebid with the $1.6 billion board. Information about the small-cap search is available at http://esbd.tbpc.
state.tx.us/1380/bid_show.cfm?bidid=64171; proposals are due by 2 p.m. CDT May 1. Information on the international search is available at http://esbd.tbpc.state.tx.us/1380/bid_show.cfm?bidid=64285; proposals are due by 2 p.m. CDT on May 2.
Waltham (Mass.) Contributory Retirement Plan issued an RFP for a pension consultant, confirmed Karen Doucet, retirement supervisor for the $145 million pension fund. The RFP is part of a normal periodic review, Ms. Doucet said. Wainwright Investment Counsel is the incumbent. Further details were not available at press time. Wainwright analyst Matt Seney, the plan's consultant, was not available for comment. The RFP is available by e-mailing [email protected]
ma.us by May 5. Proposals are due 4 p.m. EDT May 15.
Newton (Mass.) Contributory Retirement Board issued an RFP for a master trust firm, confirmed Rafik Ghazarian, consultant with Segal Advisors, which is assisting in the search. The $244 million pension plan is doing the search as part of its due diligence to evaluate its investment strategies. The incumbent, which Mr. Ghazarian declined to identify, will be invited to rebid on the three-year contract. The Money Market Directory lists Mellon Trust as incumbent. The RFP can be obtained by contacting Brian Keenan of consultant Segal Advisors at [email protected] Proposals are due by 12:30 p.m. EDT May 8.
City of New Haven (Conn.) Employees Retirement Fund issued an RFP for a hedge fund-of-funds manager to run up to $10 million, according to Glenn M. Johnson, a senior consultant with New England Pension Consultants. It will be a new asset class for the $200 million pension plan, to be funded by rebalancing. Jerome Sagnella, administrator and chairman of the pension fund, referred questions to NEPC. Formal requests for the RFP should be e-mailed to [email protected] by 5 p.m. EDT May 10; proposals are due by 4 p.m. EDT May 24.
Los Angeles City Employees' Retirement System issued a request for qualifications for an actuarial audit consultant for the $9.3 billion system. The board decided to search for a consultant to conduct regular audits of its actuary, Segal Co., said Sally Choi, assistant general manager. Responses are due May 11.
California Public Employees' Retirement System, Sacramento, issued RFPs for bundled or unbundled services for its four defined contribution plans, with combined assets of $777 million, said Clark McKinley, spokesman. Current provider CitiStreet's contract expires June 30; it may rebid. The RFP is available at www.calpers.ca.gov. Proposals are due May 17.
Loudoun County Deferred Compensation Program, Leesburg, Va., is searching for a consultant for its $53 million 457 plan, according to the plan's website. Cheryl Middleton, contracting officer, did not return calls seeking additional information. The RFP can be found online at www.loudoun.gov/procurement; proposals are due May 18.
Los Angeles County Employees Retirement Association, Pasadena, Calif., issued an RFP for up to three managers to run an enhanced S&P 500 index portfolio for the $34 billion fund; it is a new allocation. The RFP is on the fund's website at www.lacera.com. Proposals are due May 19.
Connecticut Retirement Plans and Trust Funds, Hartford, is searching for a firm to help it screen investments in publicly traded companies that do business with Sudan, according to the $21.9 billion plan's website. Shirley Williams, assistant investment officer, did not return calls seeking additional comment. The RFP is available at www.
state.ct.us. Proposals are due May 23.
The Metropolitan St. Louis Sewer District Employees' Pension Plan is scheduled to issue an RFP for a master custodian on or around May 1, confirmed Karl Tyminski, district secretary-treasurer. Incumbent U.S. Bank, whose contract expires Dec. 31, will be invited to re-bid, Mr. Tyminski said. New England Pension Consultants is assisting the $160 million plan. The RFP will be available in early May through the sewer district's purchasing department at 314-768-6200. Proposals likely would be due May 31.