Franklin (Tenn.) City Employees' Pension Plan is searching for a an active small-cap/smidcap core equities manager to run between $2.5 million and $5 million, confirmed Steven Roth, director of manager research at Dahab Associates, investment consultant to the $50 million pension fund.
Funding comes from rebalancing. In a telephone interview, Mr. Roth said he doesn't believe any managers will be terminated.
Proposals are due at 5 p.m. EST Jan. 27. A timetable for a decision has not been determined.
The RFP is available at Dahab's website.
A phone call to Shirley Harmon, director of human resources of the city of Franklin, was not returned by press time.