Pembroke Pines (Fla.) Firefighters' & Police Officers' Pension Fund is searching for an active international growth equity manager to run at least $5 million.
The $615 million pension fund issued an RFP for a new active manager to diversify the pension fund's portfolio, said Gregory A. McNeillie, vice chairman and principal at Dahab Associates, the pension fund's investment consultant, in an email.
State Street Global Advisors currently runs 8% of the pension fund's overall assets, or about $49 million, in a passive strategy as the pension fund's sole international equity manager.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EDT on July 24. A timeline for a decision has yet to be determined.
Dahab Associates is assisting.