Calvert County Retirement System, Prince Frederick, Md., is searching for an active domestic large-cap growth equity manager to run a total of $8 million for the $33 million Calvert County Employees' Retirement Plan and the $28 million Deputy Sheriffs & Correctional Officers Retirement Plan, divisions of the $70 million Calvert County system, confirmed Terry Shannon, director of finance and budget for the system. Fund officials are considering an active or passive strategy that would be benchmarked to the Russell 1000 Growth index.
Cohen, Klingenstein & Marks, which runs $8 million in large-cap equities, has been on watch for performance for 15 months, Ms. Shannon said. The firm was invited to rebid but notified that it must improve its performance to be competitive, Ms. Shannon said. George Cohen, a principal at the firm, was not available for comment at press time.
The RFP is available on plan consultant Wainwright Investment Counsel's website at www.winvcounsel.com/rfp.html. Proposals are due by 5 p.m. EDT June 17. A selection is expected before the end of the year, but there is no specific timeframe.