Brockton (Mass.) Retirement System is searching for two managers to run about $30 million to $50 million each in enhanced S&P 500 index portfolios, confirmed Harold P. Hanna Jr., executive director. Officials at the $378 million fund want to shift about $200 million of the plans $205 million active domestic equity allocation to enhanced indexing to boost returns. The RFP is available on consultant Evaluation Associates website at www.evaluationassociates.com. Proposals are due by 5 p.m. EDT May 2. Mr. Hanna said selections could be made as early as June.
The Pension Protection Fund Britains equivalent to the PBGC is searching for a consultant to advise on socially responsible investments, spokesman John Lavabre said. The consultant will develop and manage an SRI policy that would also include active governance proxy voting, he said. As we expand, were seeking to appoint a specialist to further our commitment to uphold SRI principles, Mr. Lavabre said. The providers responsibilities will also include ensuring that the funds eight external managers, which currently run its entire £750 million ($1.5 billion) in assets, abide by its SRI policy. The funds assets are estimated to increase to about £5 billion in two years. Proposals are due May 2, and an appointment is scheduled for this summer.
Texas Emergency Services Retirement System, Austin, is searching for a firm to provide actuarial and advisory services for the $43.7 million system, confirmed Kevin Deiters, program director. Current actuary Rudd & Wisdom can rebid. The fund issues an RFP for actuarial services every four years. The RFP is available online at http://esbd.tbpc.state.tx.us/docs/325/70161_1.pdf. Proposals are due May 14, and the contract will go into effect on Sept. 1.
Montana Public Employees Retirement Board, Helena, issued an RFP for an investment consultant for its $31 million 401(a) plan and its $260 million 457 plan. Incumbent Arnerich Massena is invited to rebid. The RFP is available on the funds website at http://gsd.mt.gov/business/pdfdownloads/RFP07-1481d.doc. Proposals are due by 2 p.m. MDT May 25, and fund officials expect to award the contract July 16.
Fort Lauderdale (Fla.) General Employees Retirement System is searching for two active domestic value equity managers, one to run $35 million in large caps and another to handle $10 million in smidcaps, confirmed David Desmond, plan administrator. Funding will come from a $45 million active domestic large-cap value equity portfolio run by Deutsche Asset Management, which was terminated because the firm discontinued the strategy, Mr. Desmond said. Smidcap equity is a new allocation for the $325 million fund, which has about $100 million invested in large-cap value equities. The RFPs are available on consultant Dahab Associates website at http://dahab.com/searches.html. Proposals for the large-cap search are due by 5 p.m. EDT May 25, and proposals for the smidcap search are due by 5 p.m. May 30. Final presentations for both are scheduled for July 10.
St. Louis County Retirement Plan, Clayton, Mo., will search for two small-cap equity managers, one for growth and one for value, and is considering adding core-plus strategies to the plans $115 million fixed-income portfolio, according to minutes of the plans March 29 board meeting. Neither Kirk McCarley, plan administrator, nor Kari Creighton, a consultant with Summit Strategies, which advises the plan, was available to provide details by press time.
Oklahoma Firefighters Pension and Retirement System, Oklahoma City, may soon search for a manager to run about $92 million in active domestic fixed income to replace INVESCO, which was terminated because of personnel changes, confirmed Herb Bradshaw, deputy director. The $1.8 billion plan will park the money in a $169 million Lehman Aggregate Bond index fund run by SSgA. Trustees will make a decision at their next meeting May 18.
City of Longmont (Colo.) Employees Pension Plan will likely issue an RFP in May for an investment consultant, confirmed Jim Golden, finance director for the $100 million plan. The contract of incumbent Innovest Portfolio Solutions expires June 30, and the firm will be invited to rebid. Details about the search have not been determined.
Metropolitan St. Louis Sewer District will search for a bundled provider for its $25 million 457 plan, confirmed Karl Tyminski, district secretary-treasurer. Incumbent Vanguard, whose contract expires Oct. 1, can rebid. Plan officials expect to issue the RFP in mid-May.