St. Louis Firefighters' Retirement Plan is searching for an active international small-cap equity manager to run between $5 million and $10 million.
The $137 million pension fund has issued an RFP for its first international small-cap equity manager following the creation of a new target of 5% to the asset class, said Steven Roth, managing director and chief investment officer at investment consultant Dahab Associates, which is assisting with the search.
Funding comes from a reduction in the target to international developed markets equities to 15% from 20%.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EDT on May 5. A timeline for a selection has yet to be determined.