Pembroke Pines (Fla.) Firefighters & Police Officers Pension Fund is searching for an investment-grade fixed-income manager to run $95 million, said Steven Roth, chief investment officer at Dahab Associates, the $650 million pension fund's investment consultant.
The pension fund issued an RFP because it has been a long time since the services were put up for bid, Mr. Roth said. Also, current manager Inverness Counsel, which is invited to rebid, has had recent personnel changes, he added.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EDT on July 26. A timeline for a decision has yet to be determined.
James Fisher, plan administrator, could not be immediately reached to provide further information.