Hampshire County Retirement System, Northampton, Mass., is searching for a secondary private equity manager to run $2 million to $3 million, according to an RFP from the $160 million system. Firms must have a minimum secondary private equity target fund size of at least $200 million, a minimum track record of managing at least two secondary private equity funds and a minimum investment staff of five. Requests for the RFP must be sent via e-mail to Jennifer Oakley of NEPC, the system's consultant, at [email protected], by no later than 4 p.m. EST Feb. 5. Information about the RFP is available at the Massachusetts Public Employee Retirement Administration Commission's website, http://www.mass.gov/perac/new.htm. Neither Mary Baronas, administrator of the retirement system, nor Douglas Moseley, a partner with NEPC, could be reached for comment.
Cambridge (Mass.) Retirement Board seeks active growth equity managers
Cambridge (Mass.) Retirement Board is searching for active growth equity managers — one to handle $45 million in smidcap, one to manage $25 million in midcaps, and one to run $20 million in small caps, confirmed Ellen Philbin, executive director. The retirement board at the $690 million system could pick one firm to manage all three or three different managers, Ms. Philbin said. Ms. Philbin also said the board might not award any of the three mandates. Commingled funds and separate accounts will be considered. Ms. Philbin could not immediately say whether the mandates would be domestic, international or global. The RFP can be found on the website of Segal Advisors, the system's consultant, at http://www.segaladvisors.com. Two copies of each proposal must be sent to Ellen Philbin, Executive Director, Cambridge Retirement Board, 255 Bent St., 3rd Floor, Cambridge, MA 02141. Another copy must be mailed to Ms. Carol Loi, Associate, Segal Advisors, 116 Huntington Ave., 8th Floor, Boston, MA 02116. Proposals also must be e-mailed to Ms. Loi at [email protected] and [email protected] Proposals are due by 3 p.m. EST Feb. 8. No selection date has been set.
RFI set by U.K. university plan for consultant
University of Reading (England) Employees' Pension Fund issued an RFI for a consultant, according to an announcement on Tenders Electronic Daily, a European public procurement platform. Proposals are due Feb. 11. Further information is available at www.reading.ac.uk/procurement. The fund has an estimated £80 million ($130 million) in assets, according to Pension Funds and their Advisers 2009. Andy Smart, the university's purchasing and contracts manager, declined to comment.
Alaska Permanent in the market for auditor
Alaska Permanent Fund Corp., Juneau, is searching for an auditing firm for the $35.2 billion fund and the $367 million in cash assets of the Alaska Mental Health Trust Fund, according to APFC spokeswoman Laura Achee. The contract duration will be five years and includes “the possibility of research and consultation on financial statements, possible special audits on internal controls and technology issues, or consulting in other related areas,” according to the RFP. KPMG is nearing the end of its existing five-year auditor contract with the fund. The firm can rebid, Ms. Achee said. The RFP is available on the fund's website at http://www.apfc.org. Candidates must submit four copies of the proposal to Alaska Permanent Fund Corp., Attn.: Kathy Thatcher, Request for Proposal (RFP) Number: APFC-0040-FY2010, Project Name: Audit and Related Services, 801 W. 10th St., Suite 302, Juneau, AK 99801. Proposals are due by 3 p.m. Alaska Standard Time Feb. 4. A decision is expected to be announced Feb. 23, and the contract will be effective March 15.
Belfast plan seeking active global equity manager
Northern Ireland Local Government Officers' Superannuation Committee, Belfast, is searching for an active global equity manager to run £180 million ($294 million), said Deane Morrice, CEO and secretary for the £3.2 billion fund. Funding will come from reducing Legal & General Investment Management's passive global equity strategy. “We feel now is the time to move back into active management,” Mr. Morrice said. LGIM will continue to run about £1.2 billion passively, including about £600 million in global equity. Investment consultant Hewitt Associates is assisting. Proposals are due Feb. 17. A manager is expected to begin Oct. 1, Mr. Morrice said. Further information is available by sending an e-mail to the committee's investment and governance manager, Nicola Todd, at [email protected]
Long-only multiasset absolute-return manager sought in London
London Borough of Tower Hamlets Pension Fund is searching for a long-only multiasset absolute-return manager to run £60 million ($98 million), said Oladapo Shonola, chief financial strategist for the £700 million fund. Hedge funds and funds of funds will not be considered. This is the fund's first absolute-return mandate. The move was recommended by investment consultant Hymans Robertson, which is assisting in the search. Mr. Shonola declined to provide further information. Responses are due by Feb. 19. More information is available by sending an e-mail to [email protected]