North Attleboro Contributory slates passive bond, stock searches
By Rob Kozlowski | October 2, 2012 4:02 pm
North Attleboro (Mass.) Contributory Retirement System is searching for two passive domestic managers, one to run $13 million in core fixed income and the other $7 million in large-cap core equities, confirmed Steven Roth, director of manager research at Dahab Associates, the $70 million pension fund's investment consultant.
The searches are the result of the Massachusetts Public Employee Retirement Administration Commission's regulations that require that portfolios are put out to bid at least once every five years. RhumbLine Advisers is the current manager of both portfolios and is eligible to rebid, Mr. Roth said.
The large-cap RFP and the fixed-income RFP are both available from Dahab's website. The large-cap search deadline is 2 p.m. EDT on Oct. 30; proposals for the fixed-income search are due at 2 p.m. EDT on Oct. 31.
A timetable for decisions on both searches has yet to be determined. A phone call to Debra Bush, retirement board administrator, was not returned by press time.