Ohio Highway Patrol Retirement System, Columbus, issued RFPs for two domestic equity portfolios — one for an enhanced large-cap core manager to run about $30 million and an active long-only smidcap value firm to handle about $20 million, confirmed Richard Curtis, executive director of the $650 million system. Funding for the enhanced large-cap core equity manager search comes from the October termination of INTECH Investment Management, according to Mr. Curtis. Funding for the smidcap search comes from rebalancing. Both RFPs are available on the system's website at http://www.ohprs.org; proposals are due Dec. 22. Consultant Hartland & Co. will be assisting.
Massachusetts Pension Reserves Investment Management board, Boston, added an initial 25% passive component to the fund's $2 billion-plus allocation to emerging markets equity, authorizing the issuance of an RFP for at least one manager that can run $575 million in an emerging markets index strategy. Funding for the passive strategy would come from reducing the portfolios of two of PRIM's three active emerging markets equity managers: Grantham, Mayo van Otterloo and Emerging Markets Management, according to Stan Mavromates, CIO of the $42.5 billion system. Also, MassPRIM approved plans to issue an RFP for a developed non-U.S. equity index manager, to be issued Dec. 14.
Town of Greenwich (Conn.) Retirement Board issued an RFP for an investment consultant for the town's $282 million pension plan. Current consultant NEPC is welcome to rebid, said James Latham, senior buyer in the town's purchasing department. The RFP can be found at http://greenwichct.virtualtownhall.net/Public_Documents. Proposals must be submitted in hard copy to Town of Greenwich, Purchasing Department, 101 Field Point Road, Greenwich, CT 06830, by 2 p.m. EST Jan. 6.
AP Fonden 3, Stockholm, is searching for up to 10 active or enhanced bond managers to run an undisclosed amount, said Mattias Bylund, head of external management at the 188.6 billion Swedish kroner ($27.1 billion) fund. Investment-grade corporate bond mandates will be awarded in U.S. dollar, U.K. pound and euro denominations; U.S. dollar-denominated high-yield bond managers are also sought. Four to 10 mandates likely will be awarded; global strategies will not be considered, Mr. Bylund said. The plan's current active bond managers — Prudential Investment Management, BlackRock and WAMCO — will need to rebid, Mr. Bylund said. Reponses are due Jan. 8. More information is available by sending an e-mail to [email protected]
Environment Agency Active Pension Fund, Bristol, England, is searching for at least one active global bond manager to run up to £150 million ($248 million), confirmed Howard Pearce, head of pension fund management. The £1.4 billion fund is interested in how managers might incorporate environmental, social and governance criteria into their processes. Funding comes in part from terminating European Credit Management, which ran £78 million in an active U.K. bond mandate as of March 31, for performance. Attempts to reach ECM for comment were unsuccessful. Proposals are due Jan. 8. More information is available by contacting Layla Boukhemkhem, procurement officer, at [email protected]
Nevada College Savings Plans, Carson City, is searching for an investment consultant for the state's five 529 plans, which have a total of $4 billion in assets, confirmed Karen Duddlesten, senior deputy treasurer. The selected consultant will evaluate investment performance, review asset allocation strategy, report on investment trends and recommend risk management strategies, among other duties, according to the RFI. Those duties have been handled internally. The RFI is available on the Nevada Treasurer's website at https://nevadatreasurer.gov/RFPs.htm. Responses must be sent to State Treasurer, Attn: Karen Duddlesten, 555 E. Washington Ave., Suite 4600, Las Vegas, NV 89101. Responses must be received by 3 p.m. PST Jan. 11.
Los Angeles City Employees' Retirement System launched an RFP for a general consultant, according to the $9.4 billion system's website. System incumbent PCA's contract expires June 30. The firm can rebid, sources said. Respondents must have experience providing consulting services to institutional clients with portfolios of more than $5 billion. More than one consultant could be hired. The RFP is available at http://www.lacers.org. Responses to the RFP are due Jan. 27.
