Alexandria, Va., is searching for tactical asset allocation managers for the Firefighters' and Police Officers' Pension Plan and the Firefighters' and Police Officers' Supplemental Plan, confirmed Steven Roth, director of manager research at Dahab Associates, the city's investment consultant.
The city is looking for managers to run a total of $10 million to $23 million for the $228 million Firefighters' and Police Officers' Pension Plan and a total of $6 million to $13 million for the Firefighters' and Police Officers' Supplemental Plan.
They are new allocations, and funding will come from rebalancing; it is unlikely any managers would be terminated, Mr. Roth said in a telephone interview. The city is considering both domestic and global managers.
Proposals are due at 5 p.m. EST on Jan. 24. A timetable for a decision has yet to be determined.
The RFP is posted on Dahab's website.
Steven Bland, the city's retirement administrator and chief investment officer, did not immediately return a phone call for further information.