Holyoke (Mass.) Contributory Retirement System is searching for a U.S. core fixed-income manager to run about $25 million for the $288 million defined benefit plan.
The board may select more than one manager. 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. Putnam Investments is the incumbent managers and is invited to rebid.
The RFP is available by contacting Ms. Dugre via email.
Proposals are due by 4 p.m. EDT Oct. 10. The board is aiming to make a selection later that month, said Ms. Dugre.