Fort Lauderdale (Fla.) General Employees' Retirement System is searching for an active international value equity manager to run $25 million.
The $670 million pension fund issued an RFP for an active international value equity manager and is seeking statistics benchmarked to the MSCI EAFE Value index, according to the RFP posted on the website of Dahab Associates, the pension fund's investment consultant.
As of June 30, the pension fund's international equity allocation was 14.5% and the pension fund had two international core equity managers: Aberdeen Standard Investments and Franklin Templeton Investments, which ran $48 million and $49 million, respectively, as of that date.
The pension fund's target allocation to international equity is 15%. Whether the RFP is for a new manager to complement current managers or a replacement could not be immediately learned.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EST on Nov. 12. A timetable for a decision has yet to be determined.
Dahab is assisting with the search.
Nick Schiess, pension administrator, could not be immediately reached to provide further information.