Newport (R.I.) City Retirement Plan is searching for an international equity manager to run $10 million, according to an RFP posted on the website of Dahab Associates, the $85 million plan’s general consultant.
MSCI EAFE and ACWI ex-U.S. managers will be considered.
Vanguard, the portfolio’s current manager, is invited to rebid, Jennifer L. Findlay, the plan’s senior accountant, said in a telephone interview. She said the mandate is run passively, but the plan may consider a combination of active and passive investment styles.
Proposals are due by 2 p.m. EST Jan. 25 and must be sent to Steven Roth, Director of Manager Research, Dahab Associates Inc., 423 S. Country Road, Bay Shore, NY 11706.
A timeline for selection was not specified.
