The City of Sunrise (Fla.) Fire Retirement Fund issued an RFP for a domestic fixed-income manager to run $10 million and a domestic midcap equity manager to run $5 million, confirmed David Lee, director of manager research at consultant Dahab Associates. Officials of the $55 million pension plan will consider both active and passive strategies, Mr. Lee said. Both portfolios are new allocations and are being made for diversification; funding will come from a general redistribution among managers.
George Farrell, plan chairman, was not available by press time for comment.
The RFP is available on Dahab's website at www.dahab.com. Proposals are due by 5 p.m. EDT May 22. No information was available on when selections will be made.