Pennsylvania Municipal Retirement System, Harrisburg, is searching for a separate account timber investment manager to run about $140 million.
Dahab Associates, investment consultant to the $2.3 billion pension fund, is assisting with the search.
This is a mandatory state rebid for the timber separate account managed by Forest Investment Associates, said Steven Roth, Dahab Associates chief investment officer. The firm is invited to rebid.
The RFP is available on Dahab's website. Proposals are due by 5 p.m. EST Jan. 9. There is no timetable for a hiring decision, Mr. Roth said.