Pembroke Pines (Fla.) Firefighters' and Police Officers' Pension Fund is searching for an active domestic large-cap growth equity manager to run about $40 million.
The $730 million pension fund issued the RFP due to performance concerns with current manager LMCG Investments, said Kevin Condy, director of research at Dahab Associates, the pension fund's investment consultant, which is assisting.
The firm is invited to rebid, he said. Officials at LMCG Investments could not be immediately reached for comment.
The pension fund's current allocation to domestic equities is 53%.
The RFP is available on Dahab's website. Proposals are due at 5 p.m. EST on Jan. 21. A timeline for a selection has yet to be determined.
