Attleboro (Mass.) Contributory Retirement System is searching for a manager to run $11 million in midcap equities, according to an RFP posted on the website of Dahab Associates, the $75 million system's consultant. Core, value and growth strategies will be considered. The RFP can be found at http://www.dahab.com/searches.html. Proposals must be sent to Leslie Ring, executive director, Attleboro Contributory Retirement Board, Government Center, 77 Park St., Attleboro, MA 02703 and David Lee, CFA, director of manager research, Dahab Associates Inc., 423 S. Country Road, Bay Shore, NY 11706. Proposals are due by 2 p.m. EST Jan. 7. Neither Ms. Ring nor Mr. Lee could be reached for comment by press time.
Chicago Police fund seeks transition managers
Chicago Policemen's Annuity and Benefit Fund is searching for its first transition managers. The number of managers selected “will depend to some extent on the answers we receive back,” said Sam Kunz, chief investment officer of the $3 billion fund. The RFP is available on the fund's website http://www.chipabf.org. Responses are due to Ennis Knupp, the fund's investment consultant, by Jan. 8.
RFPs set by Mass. system for active int'l small cap equity manager
Weymouth (Mass.) Contributory Retirement System issued RFPs for an active international small-cap equity manager to run $3 million and a private equity manager to handle $3 million in a vintage 2010 fund of funds, according to the RFPs received by e-mail from the fund. The international equity manager must be oriented toward developed markets, with no more than 20% of the portfolio's assets exposed to emerging markets. Candidates for either portfolio must have at least $500 million in assets under management. Those applying for the private equity mandate must have at least $250 million deployed in private equity, and international equity manager hopefuls must have $100 million in international small-cap equity assets under management. Both RFPs are available by e-mailing Maura Goulart at Fiduciary Investment Advisors, the $116 million system's consultant, at [email protected] Proposals for both mandates are due by 4 p.m. EST Jan. 19. Officials at Weymouth could not be reached for comment by press time.
Tyne & Wear in the market for active equity manager for £1.16 billion
Tyne & Wear Pension Fund, Hebburn, England, issued RFIs for active equity managers to handle a total of £1.16 billion ($1.87 billion), according to Ian Bainbridge, assistant head of pensions. Officials at the £3.8 billion fund want equity managers to run £750 million in global, £300 million in U.K., £80 million in Japan and £30 million in Asia ex-Japan. The changes were a result of an asset allocation review completed last year that led to the fund's global equities exposure being more than doubled at the expense of U.K., U.S., Japan and Asia ex-Japan equity strategies, Mr. Bainbridge said. Funding will partly come from reducing a passive U.K. and U.S. strategy managed by Legal & General Investment Management. Other funding is coming from Schroder Investment Management's £220 million combined in Japan and Asia ex-Japan portfolios, which was cut by half, and from reducing Capital International's £300 million global equity strategy, Mr. Bainbridge said. Proposals are due Jan. 13. Additional information can be obtained from consultant Hymans Robertson.
FRR sets RFP for bond managers
Fonds de Reserve pour les Retraites, Paris, issued an RFP for managers to run an active global government bond portfolio valued between €4 billion ($5.7 billion) and €5 billion, according to an announcement on the €28.8 billion fund's website. The mandate will focus on developed countries. Proposals are due Jan. 29, and further information can be obtained from http://www.achatpublic.com/accueil/frr/medias/index.php. The RFP is part of a broader portfolio overhaul implemented by the fund earlier this year. An FRR spokeswoman could not be reached for additional comment.
Oklahoma Public looking for TIPS manager
Oklahoma Public Employees Retirement System, Oklahoma City, is searching for a TIPS manager to run an as-yet-undetermined amount, according to an RFP on the $5.9 billion system's website. Eligible candidates must have at least $1 billion in assets under management as of the end of this year. Tom Spencer, executive director, said in November that funding would come from the system's fixed-income managers — BlackRock, MetWest and Hoisington — which will be invited to bid. Mr. Spencer could not be reached for further comment. The RFP is available at http://www.opers.ok.gov. Electronic copies can be obtained via e-mail at [email protected] Proposals can be sent to Oklahoma Public Employees Retirement System, U.S. TIPS Investment Management Services Proposal, Attn: Jason Harjo, 5801 N. Broadway Extension, Suite 400, Oklahoma City, OK, 73118. Proposals are due at 5 p.m. CST Jan. 29.