Danville (Va.) Employees' Retirement System is searching for an international core equity manager to run $30 million, confirmed William Dahab, director of research at Dahab Associates, the $220 million pension fund's investment consultant.
The pension fund will consider both active and passive managers; Mr. Dahab wrote in an e-mail that while the search will “most likely yield one manager … a split mandate is possible.”
Funding will come from rebalancing.
The RFP is available on Dahab's website. Proposals are due at 5 p.m. EST on March 3. A timetable for a decision has yet to be determined.
Patricia Conner, city senior accountant and retirement board secretary, did not return phone calls by press time.