Watertown Contributory Retirement seeks international small-cap manager

Watertown (Mass.) Contributory Retirement System is searching for an active international small-cap equity manager to manage approximately $3.5 million for the $154 million defined benefit plan.

Fiduciary Investment Advisors, investment consultant to the plan, is assisting with the search.

The search is being done to comply with state procurement laws, said Maura Goulart, director of client services at Fiduciary Investment Advisors. Acadian Asset Management is the current manager and will be submitting a proposal, she added.The RFP is available on Fiduciary Investment Advisors' website.

Proposals are due by 4 p.m. EDT on March 15. A decision is expected sometime in the second quarter, said Ms. Goulart.