Pennsylvania Municipal Retirement System, Harrisburg, is searching for an active large-cap domestic equity value manager to run about $110 million for the $2.1 billion defined benefit pension plan.
The pension plan’s investment consultant, Dahab Associates, is assisting.
William Dahab, principal and director of research for Dahab Associates, said the search is being conducted because the pension fund’s contract with its current large-cap domestic equity value manager, DePrince, Race & Zollo, is set to expire. The manager is invited to rebid.
The RFP can be found on Dahab’s website.
Proposals are due by 5 p.m. EDT on Aug. 27. A hiring date has yet to be determined.