Metropolitan District Commission, Hartford, Conn., is looking for managers to run a total of $170 million across seven strategies for its $200 million pension fund, said William Dahab, principal and director of research at Dahab Associates, investment consultant for the commission.
The plan is looking for managers to run about $60 million in U.S. large-cap equities, $25 million in global fixed income, $20 million in U.S. small-cap equities, $20 million in international equities, $20 million in U.S. midcap equities, $15 million in real estate and $10 million in timber.
The RFPs are the result of a recent reallocation study, Mr. Dahab said. It will be the commission’s first allocation to timber.
Stanley Pokora, manager of treasury for the MDC, said that Wellington Management is the incumbent manager for the other six mandates and is invited to rebid.
The RFPs are available on Dahab’s website. Proposals for the global fixed-income and large-cap equities mandates are due Dec. 3; the small-cap and real estate mandates are due Dec. 4; and international, midcap and timber mandates are due Dec. 5. All proposals are due at 4 p.m. EST. Selection dates have not yet been determined.