Dania Beach (Fla.) Police and Fire Retirement System is searching for an active domestic large-cap value equity manager to run $5 million, said William E. Dahab, principal and director of research at Dahab Associates, the $35 million pension fund's investment consultant.
The pension fund issued an RFP due to the underperformance of current active domestic large-cap value equity manager Herndon Capital Management, Mr. Dahab said. The firm is invited to rebid.
Kathi Edwards, Herndon chief of staff, did not return a phone call seeking comment by press time.
Proposals are due at 5 p.m. EDT on April 26. A timetable for a decision has yet to be determined.
The RFP is available on Dahab's website.
Cathy David, plan administrator, could not immediately be reached to provide further information.