Chatham County Employee Retirement Plan, Savannah, Ga., is searching for one or two active domestic small-cap equity managers to run a total of $15 million, said William E. Dahab, principal and director of research at Dahab Associates, the pension fund’s investment consultant.
The $200 million pension fund is looking for managers as potential replacements for active domestic small-cap value equity manager DePrince, Race & Zollo, for performance reasons. The firm has not been terminated and is still eligible to continue managing all or a portion of the $15 million portfolio.
The pension fund will consider core, growth or value strategies.
Kelly Carbone, managing partner, director of marketing at DePrince, did not return a phone call seeking comment by press time.
The RFP is available on Dahab’s website. Proposals are due at 5 p.m. EST on Jan. 25. The timetable for a decision has yet to be determined.
Amy Davis, the county’s finance director, was not available to provide further information by press time.