New York City Retirement Systems is searching for active domestic midcap equity managers to run a total of at least $1 billion, said a search notice posted on the website of Callan, investment consultant for the New York City Employees' Retirement System, one of the city's five pension funds.
Current managers have portfolios totaling between $375 million and $650 million, and the actual amounts of awarded portfolios may be less, equal or greater than current portfolio values and the current total. All current managers are required to participate; their names could not be immediately learned.
Also assisting in the search are NEPC for the New York City Fire Pension Fund, Rocaton Investment Advisors for the New York City Teachers' Retirement System, Segal Marco Advisors for the New York City Board of Education Retirement System and Wilshire Associates for the New York City Police Pension Fund. The five pension funds have total assets of $197 billion.
Interested managers must submit information to Callan, Wilshire Associates and eVestment databases by June 21. Further information on the search is available on Callan's website.
Tian Weinberg, spokesman for New York City Comptroller Scott M. Stringer, fiduciary for the pension funds, could not be immediately reached to provide further information.
