Greater Orlando (Fla.) Aviation Authority is searching for two domestic large-cap managers to each run up to $10 million, according to Steve Roth, research analyst at plan consultant Dahab Associates, which is assisting with the search.
One growth manager and one value firm will be selected by the $53 million defined benefit plan.
The RFPs do not specify whether the investment will be actively managed, Mr. Roth said.
The RFPs can be found at http://www.dahab.com/searches.html. Proposals for the value manager are due by 3 p.m. EDT June 8, and proposals for the growth manager are due by 3 p.m. EDT June 9.
Both proposals must be sent to Kathy Bond, chairwoman, Retirement Benefits Committee, Greater Orlando Aviation Authority, 5855 E. Cargo Road, Orlando, FL 32827; and David Lee, director of manager research, Dahab Associates Inc., 423 S. Country Road, Bay Shore, NY 11706.
A decision on both managers is expected by Aug. 12, according to the RFPs.
Ms. Bond could not be reached for comment by press time.
