Plymouth County (Mass.) Retirement System is planning to search for a real estate manager to run $10 million in a core open-end portfolio, John McLellan, county treasurer, said. The fund now has only closed-end real estate portfolios.
The fund will send out RFPs in the next few months, Mr. McLellan said.
Separately, the fund hired three domestic stock managers to run a total of $40 million that previously was managed in-house. The $350 million pension fund hired Freedom Capital to run $15 million in a commingled-style rotation fund, its first, and Boston Co. Asset Management to run $15 million in a midcap growth fund, also its first exposure to the asset class, he said. Aeltus will run $10 million in a small-cap growth portfolio.
