City of Bethlehem (Pa.) Aggregated Pension Board issued an RFP for an active domestic large-cap growth equity manager to run about $13 million, confirmed Frank Burnette, the $130 million funds consultant at Morrison Fiduciary Advisors. Funding will come from terminating one manager and reducing the portfolios of other managers; Mr. Burnette declined to provide details, saying only that fund officials wanted a more dedicated large-cap growth manager. The RFP is available on Morrisons website at http://www.morrisonadvisors.com. Proposals are due by 4 p.m. Jan. 23; a selection could be made in March. City officials could not be reached for further information.
Bethlehem looks for large-cap growth firm
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