New York Power Authority, White Plains, is searching for an active domestic small-cap equity manager to run up to $25 million for its other post-employment benefits trust fund, confirmed spokeswoman Connie Cullen.
Incumbent Fiduciary Management can rebid.
The $378 million OPEB trust is accepting proposals for core, value or growth strategies. The selected firm must have $500 million in firmwide assets under management, $75 million in the specific strategy and $50 million in institutional assets in the strategy, according to the RFP.
The OPEB trust has a domestic equity asset allocation range of 37% to 47%.
The RFP is available on the authority’s website. Proposals are due Dec. 12. A hiring decision is expected by the end of the first quarter 2014.