Westland (Mich.) Police & Fire Retirement System is seeking at least one manager to run midcap growth and midcap value equity for the $165 million pension fund.
The system wants to put $10 million to $12 million in each strategy.
Steven Roth, chief investment officer at Dahab Associates, the system's investment consultant, said the system is splitting its current smidcap allocation into midcap and small-cap segments. Loomis, Sayles & Co. is the current smidcap manager and is eligible to rebid, Mr. Roth said, adding that hiring a small-cap manager has yet to be discussed.
The RFP is available on Dahab's website. Proposals are due by 5 p.m. EST on Jan. 3. A timetable for selecting the manager has yet to be determined.
