Lauderhill Firefighters’ Retirement System, Palatka, Fla., is searching for active domestic equity managers to run a total of $16 million, said RFPs posted on the website of Dahab Associates, the $65 million pension fund’s investment consultant.
The pension fund has issued an RFP for an active domestic large-cap value equity manager to run $6 million, and another RFP for domestic small-cap, smidcap and/or midcap equity managers to run a total of $10 million. More than one manager and style may split the $10 million; growth, value and core managers will be considered.
According to the pension fund’s most recent available investment report, as of Dec. 31 Systematic Financial Management ran an $11 million active domestic large-cap value equity portfolio and Loomis Sayles ran a $10 million active domestic smidcap portfolio. The reason for the searches, and whether the managers can rebid, could not be learned by press time.
Proposals for both searches are due at 5 p.m. EDT on Sept. 19. A timetable for a decision has yet to be determined.
Barbara White, plan administrator, and Steven Roth, Dahab’s chief investment officer, could not be reached by press time to provide further information.