Searches and Hires

Pennsylvania Municipal Retirement on the hunt for large-cap value

Pennsylvania Municipal Retirement System, Harrisburg, is searching for a large-cap value equity manager to run about $180 million.

Dahab Associates, investment consultant to the $2.5 billion plan, is assisting with the search.

The system has a 25% allocation to domestic large-cap equities.

The RFP is available on Dahab Associates' website. Proposals are due 5 p.m. EST Dec. 3. A timetable for a selection has not yet been made.

This is a state-mandated rebid for the system's current large-cap value manager, Steve Roth, chief investment officer at Dahab, said in an email. LSV Asset Management is the incumbent manager and is invited to rebid.