School Employees Retirement System of Ohio, Columbus, is looking for a hedge fund consultant. The search follows the $11 billion plans decision in February to allocate up to 10% to hedge funds, starting with an investment between $400 million and $500 million, said Judi Masri, investment officer of equities. The firm will continue to use Summit Strategies as its general investment consultant. The RFP is available at the plans website, www.ohsers.org. A notice of intent, sent by e-mail to [email protected] or faxed to 614-222-5930, is due April 6, and proposals are due at 4 p.m. EDT April 23. Plan officials hope to make a selection by July.
Cooper City (Fla.) Police Officers Pension Fund issued an RFP for a core real estate manager to run $1 million, according to David Lee, director of manager research and principal at Dahab Associates, the $14.5 million plans consultant. Funding for the new allocation will come from a general rebalancing of existing assets. Plan officials are adding the portfolio for diversification. Joan Wall, Cooper City plan administrator, referred all questions to Dahab. Proposals are due by 5 p.m. EDT April 9. The RFP is available on consultant Dahab Associates website at http://dahab.com/searches.html.
City of Charlottesville (Va.) Retirement System is searching for a timber manager to run $8 million, an active domestic midcap equity manager to run $12 million and an active emerging markets equity manager to run $4 million. David Lee, director of manager research and principal at Dahab Associates, the $81 million funds consultant, said the equity allocations would be new and funding would come from a general rebalancing. Plan officials are adding the portfolios for diversification, he said. The RFPs are available on Dahab Associates website at: http://dahab.com/searches.html. Proposals for the timber search are due April 11; the midcap search are due 5 p.m. EDT April 20; proposals for the emerging markets mandate are due April 24. There is no timeline for selections. Jennifer Brown, Charlottesville city treasurer, was not available for comment at press time.
Nevada State Treasurer Kate Marshall issued an RFP for a securities lending provider for the states $2.1 billion general portfolio, the $725 million local government investment pool and the $350 million NVEST local government pooled long-term investment account, confirmed Diana Vansickle, deputy treasurer of investments. The contract of incumbent Wachovia Global Securities Lending expires June 30, Ms. Vansickle said. The firm can rebid. The search is being conducted internally. The RFP is available on the state Department of Administrations website at http://purchasing.state.nv.us/odocs.htm. Proposals are due by 2 p.m. PDT April 13, and selections are scheduled for early May.
Nevada Deferred Compensation Fund, Carson City, issued an RFP for two providers of bundled administrative services and unbundled investment management services for its $348 million 457 plan. The contracts of current providers Hartford Investment Management and ING Investment Management Americas expired Dec. 31, confirmed Brian Davie, chairman. Both firms are invited to rebid. Hartford runs roughly $290 million for the fund and ING, $58 million. Under state law, the plan must solicit bids on the contracts every five years, Mr. Davie said. Segal Advisors is assisting. The RFP is on the plans website at: http://purchasing.state.nv.us/odocs.htm. Proposals are due by 5 p.m. EDT April 20. Plan officials want to make selections on June 18.
Waltham (Mass.) Contributory Retirement System is searching for two managers, one to run $7.5 million in global fixed income and another to handle $5 million in private real estate. The $155 million pension fund is adding the portfolios for diversification, and funding will come from a general rebalancing, said Joseph Juppe, board administrator. Both RFPs are available on the Massachusetts Public Pension Forum website at http://mppf.org/searches.htm. Proposals for both are due 3 p.m. EDT April 23, and selections are expected in May. Segal Advisors is assisting.
Lauderhill (Fla.) Firefighters Pension Fund is searching for an active domestic smidcap equity manager to run $5 million, according to David Lee, director of manager research and principal at Dahab Associates, the funds consultant. The $35 million fund is adding the new allocation for diversification. Funding will come from a general redistribution, and no managers will be terminated. Barbara White, administrator for the plan, was not available at press time for comment. Proposals are due by 5 p.m. EDT April 30. The RFP is available on Dahabs website at http://dahab.com/searches.html.
Illinois State Universities Retirement System, Champaign, plans to issue an RFP in April for a manager of emerging managers, said Dan M. Slack, executive director. The $15.3 billion systems board hasnt determined how much the new manager would run. The fund has two managers of emerging managers and wants to reduce that to one. The firms Progress Investment Management, which runs $200 million, and Northern Trust Global Advisors, $175 million were invited to rebid.