South Miami (Fla.) Pension Fund is searching for its first timber manager to run a $1.5 million portfolio, said William E. Dahab, principal and director of research at Dahab Associates, the $32 million pension fund's investment consultant.
Funding will come from rebalancing; no managers will be terminated, Mr. Dahab said.
The RFP is available on Dahab's website. Proposals are due at 5 p.m. EDT on July 7. A timetable for a decision has yet to be determined.
Dixie Martinez, plan administrator, did not return a phone call by press time.
