The plan voted to terminate a REIT manager last week due to deteriorating performance and personnel concerns.
The plan’s investment consultant recommended eliminating the portfolio due to “very volatile” returns.
The reissuance follows an initial RFP issued in May that was put off due to a procurement appeal process.
The plan will issue an RFP due to the expiring contract of its incumbent consultant.
General investment consultant CAPTRUST Financial Advisors will return with three or four candidates to replace an incumbent manager in the coming months.
The plan is searching for domestic large-cap equity managers to handle up to $30 million.
A Midwestern pension plan expects to issue the consultant RFP sometime after July 1.
The plan is seeking a domestic large-cap value equity manager to handle roughly $18 million.
The township, which launched the search this past summer, does not plan on going forward with a hire at this time due to personnel turnover.
A Southwestern pension plan approved a new global equity structure and a hired a manager to fill a new passive component at today’s meeting.