Alexandria, Va., is searching for a global tactical asset allocation manager to run $3 million for its $25 million post-employment benefit trust, confirmed Steven Bland, the city's retirement administrator and chief investment officer.
It is the trust's first allocation to GTAA. Mr. Bland said the search is “primarily for diversification benefits.” Funding is coming from cash.
The RFP is available on the website of Dahab Associates, its investment consultant. Proposals are due July 19. Mr. Bland said the city is looking to make a hire “as soon as possible.”
