Phoenix City Employees' Retirement System will begin a search for infrastructure and natural resources managers within the next three to four months, said Greg Fitchet, investment officer.
The search is the result of new targets of 4% each to infrastructure and natural resources, established after an asset allocation study by the $2.4 billion pension fund earlier this year. The new mandates will total up to $192 million
The number of managers to be hired and the specific funding source have yet to be determined. The RFP will likely be posted on the pension fund's website, Mr. Fitchet said.
Investment consultant Meketa Investment Group is assisting. Interested managers may contact Larry Witt, senior vice president at Meketa.
