St. Louis Employees’ Retirement System is searching for an active domestic midcap value equity manager to run about $30 million.
The $874 million pension fund has issued an RFP for a new allocation to midcap value equities, said Tara Murphy, client analyst at investment consultant Marquette Associates, which is assisting with the search.
Funding will come from rebalancing; no managers will be terminated, she said.
As of Dec. 31, the actual allocation to domestic equities was 33.9%.
The RFP is available on the pension fund's website. Proposals are due at 4 p.m. CDT on March 19. A timeline for a selection was not provided.