Philadelphia Board of Pensions and Retirement is searching for passive domestic midcap equity, passive domestic small-cap equity and passive infrastructure managers, said Christopher DiFusco, chief compliance officer, in an e-mail.
The $5.3 billion pension fund issued RFPs “following a review of the overall portfolio by Michael (Donatucci, the late chief investment officer), his staff, the consultant and the trustees,” Mr. DiFusco said. He said the board has not determined portfolio sizes or funding sources yet.
Proposals for the passive midcap and small-cap equity managers are due at 5 p.m. EDT on Aug. 5. Proposals for passive infrastructure managers are due at 5 p.m. EDT on Aug. 12.
The RFPs are available on the city’s procurement website.