Searches and Hires

Alexandria, Va., seeks equity manager for fire and police pension fund

Alexandria, Va., is searching for an active domestic large-cap value equity manager to run between $30 million and $45 million for the $325 million Firefighters and Police Officers Pension Plan.

The city issued the RFP because it is considering switching its current passive domestic large-cap value equity portfolio to an active strategy, said Kevin Condy, research analyst at Dahab Associates, the pension fund's investment consultant. Current passive manager Vanguard Group is invited to rebid.

The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EDT on May 14. A timetable for a decision has yet to be determined.

Dahab is assisting with the search.

Kadira Coley, retirement administrator, could not be immediately reached to provide further information.