Attleboro (Mass.) Municipal Contributory Retirement System, with $42 million in assets, is searching for two equity managers and one fixed-income manager to run a total of $36 million.
In equities, the fund seeks a core domestic manager to manage $17 million and a commingled domestic small-cap fund to run $2 million. In bonds, it seeks a core fixed-income manager to manage $17 million.
RFPs, available from Segal Advisors, are due Feb. 2.
The fund currently has most of its assets in a balanced portfolio with BankBoston, but concerns about high employee turnover and a change in investment style - to a more fundamental style from a quantitative one - prompted the searches, said Kevin Leonard, the Segal consultant who is assisting.
