SEARCHES AND HIRES

Watertown Contributory Retirement seeks high-yield fixed-income manager

Watertown (Mass.) Contributory Retirement System is searching for an active high-yield fixed-income manager to run $4 million to $5 million in a commingled vehicle.

Fiduciary Investment Advisors, investment consultant to the $158 defined benefit plan, is assisting with the search.

The RFP is available on Fiduciary Investment Advisors' website. Proposals are due by 4 p.m. EDT on July 7. A selection date was not disclosed.

Further information could not be learned; retirement system director Barbara Sheehan referred questions to Christopher J. Rowlins, managing partner and senior consultant at Fiduciary Investment Advisors, who could not be reached for comment.