New York City Retirement Systems issued an RFP for at least one active U.S. small-cap equity manager for its total $1 billion portfolio, confirmed Laura Rivera, spokeswoman for New York City Comptroller William C. Thomson Jr., who oversees the $128 billion systems.
We are conducting this search now because we need access to additional managers and the small-cap allocations were not increased, Ms Rivera wrote in an e-mail. Managers may either be replaced or re-contracted through this RFP.
Current small-cap managers are Mazama Capital Management, Dalton Greiner Hartman Maher, Daruma Asset Management, J.&W. Seligman and MacKay Shields. Their contracts expire in 2010; all can rebid.
All active styles of management, including enhanced indexing, will be considered.
The RFP is available by e-mail to [email protected] Proposals are due by 4 p.m. EST Nov. 13, and the city comptrollers office expects the contract funding and start date to be in July or August.