Searches and Hires

Pennsylvania Muni Retirement launches search for small-cap growth equity manager

Pennsylvania Municipal Retirement System, Harrisburg, is searching for a small-cap growth equity manager to run about $110 million for the $2.4 billion defined benefit plan.

Dahab Associates, the plan's investment consultant, is assisting with the search.

The search is being conducted to comply with state law, said Steven Roth, chief investment officer at Dahab. Emerald Advisors is the current manager and is invited to rebid.

The pension fund has a target allocation of 65% to public equities.

The RFP is available on Dahab's website. Proposals are due 5 p.m. EDT April 30. A timetable for selecting a manager has not yet been established, Mr. Roth said.