Dania Beach (Fla.) Police and Fire Retirement System is searching for an emerging markets equity manager to run about $1.5 million, confirmed Cathy David, administrator.
The $25 million pension fund decided to add a third manager to its 15% international equity allocation specifically for emerging markets equities. Baring Asset Management and ICC Capital Management are the fund's current international equity managers.
The pension fund is accepting proposals from both active and passive managers, according to a request for proposals.
The RFP is available at http://www.dahab.com/media/rfps/Dania%20Beach-EM-April%202013.doc. Proposals are due at 5 p.m. EDT on April 19. A timetable for a decision has yet to be determined.