Natick (Mass.) Contributory Retirement System is searching for domestic short-term, intermediate and long-term fixed income managers for the $60 million fund. The search follows a recent asset allocation study, said Dick Zaccaro of H.C. Wainwright, the fund's consultant. Proposals are due Nov. 4. Funding will come from shuffling assets among existing managers.
The fund may search for a domestic high-yield fixed income manager and an international bond manager after those searches are completed, said Mr. Zaccaro.