Bethlehem (Pa.) Aggregated Pension Plan is searching for an active domestic large-cap core equities manager to run about $14 million.
Morrison Fiduciary Advisors, investment consultant for the $135 million pension fund, is assisting with the search.
The search is to replace a large-cap equity index exchange-traded fund, said Robert Bulas, senior consulting analyst at Morrison Fiduciary Advisors. He did not disclose which ETF it would be replacing.
The pension board intends to award the allocation to only one manager. Respondents must have a style that tracks the S&P 500 index within a reasonable 1% to 3% range annually.
The RFP is available on Morrison's website. Proposals are due by 2 p.m. EST on Jan. 21. A selection is expected to be made sometime after Feb. 25.
David Brong, business administrator for the pension fund, could not be reached by press time.