Searches and Hires

Belmont Contributory Retirement looking for large-cap value equity manager

Belmont (Mass.) Contributory Retirement System is searching for a domestic large-cap value equity manager to run about $10 million, according to an RFP posted on the website of NEPC, the $106 million pension fund's investment consultant.

The pension fund issued the RFP for a manager with a track record of at least seven years and assets under management of at least $750 million. The name of the current manager and whether it is invited to rebid could not be immediately learned.

The RFP is available on NEPC's website. Proposals are due at 4 p.m. EDT on Oct. 17. A timeline for a decision was not provided.

Robert Soohoo, the pension fund's executive director, was not available to provide further information.