A Taft-Hartley plan in the Mid-Atlantic region is searching for an active international equity manager to run about $15 million, according to an RFP posted on the website of Dahab Associates, the plan's investment consultant.
The $95 million union pension fund issued the RFP due to performance concerns with the current international equity manager, said Kevin Condy, director of research at Dahab.
The plan is not disclosing the name of the current manager, but Mr. Condy said the manager is invited to rebid.
As of Sept. 30, the pension plan's actual allocation to international equities was 15.9%.
The RFP is available on Dahab's website. Proposals are due at 5 p.m. EST on Jan. 19. A timeline for a selection has yet to be determined.
