The Metropolitan Employee Benefit System of Nashville and Davidson County will conduct an invitation-only search for a 130/30 manager to run $70 million to $140 million, Fadi BouSamra, CIO of the $2 billion fund, said in an e-mail.
Consultant Segal Advisors will assist with the search.
The fund could choose one or two managers and possibly expand a current managers mandate to include 130/30, Mr. BouSamra said. This will be the first 130/30 manager for the fund.
Segal and staff hope to have a recommendation by the funds Nov. 12 meeting, Mr. BouSamra said. A decision on funding will be part of that recommendation.
Separately, the funds investment committee approved a $100 million commitment to three infrastructure funds at a meeting Thursday. The fund committed $50 million to a fund run by JPMorgan Asset Management and $25 million each to funds managed by Alinda Capital Partners and Lehman Brothers.
Segal Advisors assisted.