Newport News (Va.) Retirement System is “testing the waters” for an active core fixed-income manager that could run $75 million, according to David Lee, principal at plan consultant Dahab Associates.
The $590 million system issued an RFP to see what candidates apply, Mr. Lee said, adding that a manager might not be hired. The funding source has not been established, he added.
The RFP can be found at http://www.dahab.com/searches.html. Proposals are due at 5 p.m. EDT April 23, and can be sent to David Lee, CFA, Director of Manager Research, Dahab Associates Inc., 423 S. Country Road, Bay Shore, NY 11706. Questions can be directed to Mr. Lee at 631-665-6181 or [email protected]
LaVerne Lovett, the city’s director of finance and retirement board secretary, could not be reached for comment by press time.
