Ohio Police & Fire Pension Fund, Columbus, is searching for at least one active international small-cap equity manager to run a total of about $500 million, confirmed spokesman David Graham.
The search is a result of a shift in the $11.7 billion fund’s non-U.S. equities allocation to include small-cap equities. In August, the board voted to terminate Acadian Asset Management, which ran $576 million in active international equities. The termination was not performance related and Acadian still holds the assets.
Mr. Graham said no decision has yet been made on what to do with the remaining assets.
The RFP can be found at http://www.op-f.org/rfps. Proposals are due at 3 p.m. EDT April 22.
Finalists will be chosen at the end of May, with a decision expected at the end of June.