St. Louis Employees' Retirement System is searching for an active domestic small-cap value equity manager to run about $18 million.
The $819 million pension fund issued an RFP for a manager to replace Fisher Investments, which the pension fund's board terminated Oct. 28 based on the conduct of Kenneth L. Fisher, the firm's founder, executive chairman and co-chief investment officer, confirmed Richard Olliges, accounting officer for the pension fund.
Assets are temporarily parked in a domestic small-cap equity index fund managed by Fidelity Investments, Mr. Olliges said.
Fisher Investments spokesman John Dillard declined to comment beyond a previously released apology from Mr. Fisher.
The RFP is available on the pension fund's website. Proposals are due at 4 p.m. CST on Dec. 23. A timeline for a decision has yet to be determined.
Investment consultant Marquette Associates is assisting.
