Omaha (Neb.) Police and Fire Retirement System will initiate a search in the next few months for managers to run a $46 million timberland portfolio and $23 million each in active international small-cap equities, active emerging markets equities and TIPS, said Carol Ebdon, city finance director. The exact source of funding has not been determined, but no manager terminations are expected. Following a recently completed asset allocation study, the $465 million plan shifted 10% of total assets to a timberland and created 5% allocations each for international small-cap equities, emerging markets equities and TIPS, all new asset classes for the system. It also reduced its domestic large-cap equity allocation to 25% from 38%; domestic small-cap equities to 15% from 17%; and fixed income to 12% from 25%. It increased its international large-cap equities to 13% from 10%, and left real estate unchanged at 10%. DeMarche will assist. It has not been determined whether RFPs will be issued or the searches will be invitation-only.