Searches and Hires

Holyoke Contributory Retirement launches U.S. large-cap growth, value manager searches

Holyoke (Mass.) Contributory Retirement System issued an RFP for active large-cap equity managers for the system's $288 million investment portfolio.

Growth and value strategies will be considered separately. The board expects to allocate about $27 million to each style mandate and may select more than one manager for each style.

Only commingled investment vehicles will be considered. Separate accounts will not be considered.

The search is being conducted because state law prevents contracts going beyond seven years, said Cheryl A. Dugre, executive director of the pension fund. BlackRock (BLK), Seizert Capital Partners and Brandywine Global Investment Management are the incumbent managers; all are welcome to rebid.

The system has 31% allocated to domestic equities in total, and 19% allocated to large cap.

The RFP is available by contacting Ms. Dugre via email.

Proposals are due by 4 p.m. EDT April 27. The board is aiming to make selections in June, said Ms. Dugre.