The Pennsylvania Municipal Retirement System recently approved issuing an RFP for a small cap value manager.
This is due to 80% of the Smith Graham portfolio being sold and PMRS wanting to explore new managers should they decide to move on from the remaining portfolio manager, according to meeting minutes from the June board meeting.
In addition, Forest Investment Associates was hired for the Timberland Manager search that was issued in January 2023. Manulife Investment Management and Resource management Services were the other two finalists.
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