Cocoa (Fla.) Firefighters’ Pension Fund is searching for a real estate manager to run a $1.5 million portfolio, said William E. Dahab, principal and director of research at Dahab Associates, the $15 million pension fund’s investment consultant, in an e-mail.
The pension fund is seeking either a core or core-plus manager and is considering both open-end and closed-end funds. It would be the pension fund’s first real estate manager
As of Sept. 30, the pension fund’s allocation was 41.5% domestic large-cap equity, 21.7% domestic smidcap equity, 21.6% fixed income, 8.6% international equity and 6.6% cash.
Funding will come from general rebalancing, Mr. Dahab said.
Proposals are due at 5 p.m. EDT on April 20. A timetable for a decision has yet to be determined.
The RFP is available on Dahab’s website.
