Holyoke (Mass.) Retirement System, with about $110 million in assets, is searching for managers for two new asset classes. The system is searching for a high-yield bond manager and a core midcap equities manager, to manage $8 million apiece.
The deadline for RFPs is May 29, and the system hopes to have the new managers on board by the end of summer, said Rafiq Ghazarian, the Segal Advisors consultant who is assisting. The system has not yet determined where the money for the two new managers will come from, Mr. Ghazarian said.