Philadelphia Board of Pensions and Retirement is searching for at least one passive investment manager, according to an RFP posted on the city's website.
The $4.7 billion pension fund is searching for a manager to be able to provide “different passive products that can meet the changing needs of the board,” including domestic equity, international developed equity and/or domestic fixed-income strategies, according to the RFP. No amount is specified in the RFP.
The RFP is available from the city's website. Proposals are due at 5 p.m. EST on Dec. 12. No timetable for a decision was made available.
Francis X. Bielli, executive director, was not available to provide further information by press time.