Pennsylvania State System of Higher Education, Harrisburg, issued an RFP for a bundled provider for its $370 million 401(a) plan, according to the plan's website. TIAA-CREF, the plan's current provider, can rebid. The RFP is available at www.passhe.edu/executive/finance/Procurement/Opportunities/Documents/2008-BEN-1/2008-BEN-1.pdf. Proposals are due March 19. Thomas Krapsho, vice chancellor of human resources, did not return calls seeking additional information.
Changes Ahead:Penn. higher ed fund seeks 401(a) bundled provider
North Attleborough (Mass.) Contributory Retirement System issued RFPs for an international equity manager to run $6 million, and two large-cap equity managers, one growth and one value, to run $5 million each. Funding for the international equity portfolio will come from rebalancing. Boston Co. runs about $6 million in an international value equity pooled fund. Debra Bush, board administrator of the $63 million fund, said it has not been determined whether Boston Co. would be terminated or have its allocation reduced. She added that Boston's performance was good. All three RFPs are available on consultant Dahab's website at dahab.com/searches.html. The deadline for proposals in the international equity search is 5 p.m. EDT March 20. Proposals for the large-cap equity managers are due at 5 p.m. EDT April 24 for the value search and 5 p.m. EDT April 30 for the growth search.
Massachusetts Housing Finance Agency Retirement System, Boston, issued an RFP for an active international small-cap equity manager to handle $2 million to $5 million in a commingled fund or institutional mutual fund, confirmed an investment consultant at Meketa Investment Group, which is assisting in the search. It's the $69.8 million fund's first allocation to international small-cap equities; funding will come from rebalancing. The RFP is available at www.meketagroup. com/mgrCenter.php. Questions should be directed to Meketa at [email protected] Proposals must be sent to the attention of Joseph Petty, the system's executive secretary, at 1 Beacon St., 27th Floor, Boston, MA 02108 by 4 p.m. EDT March 26.
Worcester (Mass.) Retirement System issued an RFI for a distressed debt manager, according to consultant Meketa Investment Group's website. The $711 million fund is looking for closed-end control/significant influence-oriented distressed debt strategies, and hedge funds will not be considered. Board Administrator Elizabeth Early did not return a call seeking further information. A call to Meketa was referred to President James Meketa, whose assistant said he would not comment. The RFI is available at www.meketagroup.com/mgrCenter.php. Proposals are due by 4 p.m. EDT March 26.
Taunton (Mass.) Contributory Retirement System issued an RFP for a manager to run $13 million in active international core equities with emerging markets exposure, according to consultant Segal Advisors' website. The board of the $190 million fund will consider proposals for commingled funds and separate accounts. The RFP is available at www.segaladvisors.com/rfp/index.html. Proposals are due by noon EDT April 1. Carol Tam, financial analyst at Segal Advisors, did not respond to a request for further information. The system also issued an RFP for an investment consultant, confirmed Paul Slivinski, executive director. The board is doing the search pursuant to best-practices policy guidelines, Mr. Slivinski said. Segal Advisors is invited to rebid. A copy of the RFP can be obtained by calling (508) 821-1052 or e-mailing [email protected] Proposals are due by 3 p.m. EDT April 2.
Northumberland County Employees' Pension Fund, Sunbury, Pa., issued an RFP for a domestic large-cap growth equity manager to run $9 million, according to the website of Morrison Fiduciary Advisors, which is assisting. The RFP is available at morrisonadvisors.com/investment. Responses are due by 4 p.m. EDT April 3. Frank Burnette, principal at Morrison, could not be reached for further information. Betty Nicola, Northumberland County retirement specialist, referred questions to Mr. Burnette.
Chicopee (Mass.) Retirement Board issued an RFP for a manager of managers to run the $145 million fund's assets, according to the Massachusetts Public Pension Forum website. The RFP is available by e-mailing [email protected] Proposals are due April 11. Susana Baltazar, executive director, did not return a call by press time seeking further information; officials at Segal Advisors could not be reached.
Sanibel (Fla.) General Employees' Retirement System is looking for an active domestic core fixed-income manager to run $3 million, confirmed David Lee, director of manager research and principal at Dahab Associates, the fund's consultant. Trustees of the $12 million fund will consider separate accounts, institutional commingled funds and institutional shares of mutual funds. The $3 million fixed-income portfolio is invested in the Florida Municipal Investment Trust. System officials are looking for better returns, Mr. Lee said. The RFP is available at dahab.com/searches.html. Proposals are due by 5 p.m. EDT April 11. Renee Lynch, the city's finance director, referred questions about the RFP to Dahab Associates.