Taunton Contributory on lookout for global bond, agriculture managers

Taunton (Mass.) Contributory Retirement System is searching for an active international fixed-income manager to run $10 million and an agriculture manager to run $2 million, confirmed Steven Roth, director of manager research at Dahab Associates, the $207 million pension fund's investment consultant.

It is the first allocation to each asset class; the moves are part of a continued effort to diversify, Mr. Roth said in a telephone interview. Funding will come from rebalancing; no managers will be terminated.

More than one manager could be hired for the fixed-income mandate, Mr. Roth said. Proposals for hedged and unhedged strategies will be accepted.

The RFPs are available on Dahab's website. Fixed-income proposals are due at 2 p.m. EST Feb. 4; agriculture, 2 p.m. EST Feb. 5. Hiring decisions will likely be made before the summer, Mr. Roth said.