Charlottesville (Va.) Retirement System is searching for an active domestic large-cap growth equity manager to run about $24 million.
The $214 million pension fund issued an RFP due to performance concerns with current manager Allspring Global Investments, said Kevin Condy, director of research at investment consultant Dahab Associates, which is assisting with the search. The firm is invited to rebid, he said.
Melissa Murphy, spokeswoman for Allspring Global, could not be immediately reached for comment.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EDT on Oct. 6. A timeline for a selection has yet to be determined.