Greater Orlando (Fla.) Aviation Authority is searching for one passive investment manager to oversee its new $20 million OPEB Trust, confirmed Kathy Bond, chairwoman of the authority’s retirement benefits committee.
The manager will be the first to oversee assets of the recently established trust, Ms. Bond said in a telephone interview.
According to the RFP on consultant Dahab Associates’ website, the trust has $7 million in fixed income indexed to the Barclays Capital Aggregate index; $3 million in international equity benchmarked to the MSCI EAFE; $3 million in large-cap growth equity benchmarked to the Russell 1000 Growth index; $3 million in large-cap value benchmarked to the Russell 1000 Value index; $2 million in small-cap core benchmarked to the Russell 2000; and $2 million in midcap core benchmarked to the Russell Midcap index.
The RFP can be found at www.dahab.com/searches.html. Proposals must be sent to both Kathy Bond, chairwoman, Retirement Benefits Committee, Greater Orlando Aviation Authority, 5855 E. Cargo Road, Orlando, FL 32827; and Steven Roth, director of manager research, Dahab Associates, 423 S. Country Road, Bay Shore, NY 11706.
Proposals are due by 3 p.m. EDT May 17. A decision is expected Aug. 17.
The authority has a total of $73 million in pension assets.