Searches and Hires

Shrewsbury Contributory Retirement in the hunt for investment consultant

Shrewsbury (Mass.) Contributory Retirement System is looking for an investment consultant for its $125 million fund.

The search is being conducted because the pension fund's contract with its current consultant, Dahab Associates, is set to expire soon, said Gregory Gatsogiannis, executive director of the pension fund. Dahab plans to rebid, said Steven Roth, Dahab chief investment officer, in an email.

Mr. Roth said the pension fund's asset allocation is 50% Massachusetts Pension Reserves Investment Trust, 30% domestic equity, 12.5% fixed income, 5% international equity and 2.5% real estate.

The RFP is available on the town of Shrewsbury's website. Proposals are due noon EDT May 11. Mr. Gatsogiannis said he expects a selection to be made within 45 days of the deadline.