Searches and Hires

Saugus Retirement looking to allocate to 4 domestic mandates

Saugus (Mass.) Retirement System is seeking managers to run a total of up to $25.9 million.

The mandates are: up to $7.2 million in passive U.S. fixed income; up to $6.7 million in active U.S. small-cap core equity; up to $6.3 million in active U.S. midcap core equity; and up to $5.7 million in passive U.S. large-cap core.

Wainwright Investment Counsel, investment consultant to the $104 million defined benefit system, is assisting with the searches.

The RFPs are scheduled to be available on Wainwright's website. Proposals for all four searches are due 2 p.m. EDT on Aug. 21. Selection dates were not disclosed.

Further information was not available; Ann C. Quinlan, Saugus Retirement System board administrator, and Jeff Fabrizio, director of research at Wainwright, could not be immediately reached for comment.