Searches and Hires

Maynard Contributory Retirement hunting for equity manager

Maynard (Mass.) Contributory Retirement System is looking for an active equity manager to run a total of $23.5 million in three strategies for the $47 million defined benefit plan: large-cap core, small-cap core and international.

The search is being conducted because the pension fund's contract with its current manager, Boston Advisors, is set to expire in December, Executive Director Kenneth R. DeMars said in an email. The manager is invited to rebid.

The board would like to hire only one manager for all three allocations but reserves the right to select more than one, Mr. DeMars added.

The RFP is available via email from Mr. DeMars. Proposals are due 3 p.m. EDT Oct. 23. Mr. DeMars said he expects the board to select a manager or managers by Dec. 31.