San Francisco City & County Employees' Retirement System is searching for an active international small-cap manager to run between $50 million and $400 million, according to an RFP posted on the $13.1 billion system's website. The RFP is available here. Responses are due June 18.
Ohio Highway Patrol seeking equity manager
Ohio Highway Patrol Retirement System, Columbus, issued an RFP for an active domestic microcap core equity manager to run $10 million, confirmed Dan Weiss, executive director and chief investment officer. The $707 million system will fund the move by reducing a passive midcap core portfolio run by World Asset Management to $28 million, according to Mr. Weiss. Proposals are due June 20. The RFP can be found here.
Three managers sought for Mass. plan
Watertown (Mass.) Contributory Retirement System is searching for two active equity managers and a global asset allocation manager to run a total of up to $18 million, according to RFPs posted on the website of the Massachusetts Public Employee Retirement Administration Commission. The $80 million system is searching for a global asset allocation manager to run up to $12 million, an international equity manager to run up to $4 million and an international small-cap equity manager to run up to $2 million. The RFPs are available on request by e-mail from Maura Goulart, research associate at system consultant Fiduciary Investment Advisors, at [email protected] All proposals are due at 4 p.m. EDT July 1
Nevada in search for investment consultant
Nevada State Treasurer's Office, Carson City, is seeking its first investment consultant for the four Nevada College Savings 529 Plans, with a combined $6 billion, confirmed Senior Deputy Treasurer Mark Mathers. The consultant will monitor and make recommendations to the board on the funds' investments and will provide quarterly reports to the board, according to the RFP. The deadline for submitting proposals is 2 p.m. PDT July 1. Proposals must be sent to Amber Law, Management Analyst, Office of the State Treasurer, 101 N. Carson St., Suite 4, Carson City, NV 89701-4786. The RFP is available on the state of Nevada's website.
Global fixed opportunity in Michigan
Milwaukee City Employees' Retirement System is searching for its first global fixed-income manager, to run about $200 million, according to Tom Rick, chief investment officer. Mercer, the $4.1 billion fund's consultant, will conduct the search. The system won't issue an RFP, Mr. Rick said in a statement in response to an inquiry. Managers may contact Mercer to apply for the search, Mr. Rick said. The system's investment committee hasn't decided whether the new portfolio would be for a core or other strategy. System officials want to diversify the fixed-income allocation, which totaled $1.1 billion as of March 31, he said. The funding source hasn't been determined. The investment committee could make a selection July 22 to recommend to the board, Mr. Rick said.
English plan seeks unconstrained active global equity manager
Avon Pension Fund, Keynsham, England, is searching for an unconstrained active global equity manager to run about £140 million ($204.8 million), said Matt Betts, assistant investment manager at the £2.5 billion fund. Funding will come from reducing BlackRock's allocation to about £1.3 billion; BlackRock runs various passive bond and equity mandates for the fund. Proposals are due Aug. 9. JLT Benefit Solutions is assisting. For more information, contact Tessa Page at [email protected]
SWIB has $1.38 billion up for hedge fund grabs
State of Wisconsin Investment Board, Madison, is searching for direct hedge fund managers to run a total of $1.38 billion, according to an implementation plan approved by SWIB for its first hedge fund allocation. Cliffwater, the $80.1 billion board's hedge fund consultant, is looking for managers to recommend, said Vicki Hearing, public information officer. No RFP will be issued, she said. Hedge fund managers that want to be considered should contact Stephen L. Nesbitt, Cliffwater CEO, Ms. Hearing said. A time frame for making decisions on the hirings has not been set, Ms. Hearing said.
New asset allocation possible in San Diego
San Diego City Employees' Retirement System could adopt a new asset allocation as early as Sept. 30, according to a work plan developed by the $3.7 billion system. An asset/liability study could begin by the system board's July 8 meeting. Ennis Knupp, the fund's general consultant, is assisting.