Pennsylvania Municipal Retirement System, Harrisburg, is searching for an active domestic small-cap growth equity manager to run $80 million, said Nat Raney, investment relationship manager.
The $2 billion pension fund is conducting the search due to a state law requiring that external manager services be put out to bid every five years. The current manager, Emerald Advisers, is invited to rebid.
Proposals are due at 5 p.m. EDT on June 18. Pension fund officials hope to make a decision by the end of July, Mr. Raney said.
The RFP is available on Dahab's website.