Searches and Hires

New Bedford Contributory seeks investment consultant

New Bedford (Mass.) Contributory Retirement System is searching for an investment consultant for its $320 million pension fund.

The search is being conducted to comply with state law that requires contracts must be put out to rebid every few years, said Gerard Arnaudet, executive director of the pension fund. Segal Marco Advisors is the current consultant and is invited to rebid.

A copy of the RFP is available by contacting Mr. Arnaudet via email. Proposals are due by 2 p.m. EDT July 23. A selection date was not disclosed.