Melrose (Mass.) Contributory Retirement System is searching for a real estate manager and a domestic small-cap equities manager, following the adoption of a new asset allocation, said Kevin Leonard, the Segal Advisors consultant who is assisting. The $43 million system will allocate 5% each to the managers for the new asset classes. The fund may also consider searching for two real estate managers, core and non-core, instead of one. RFPs will be available next week. Separately, the fund also hired Freedom Capital as a style rotator fund to manage a $6 million portfolio, Mr. Leonard said. Money for the new manager will come from Fleet Bank, the funds existing equity manager, which runs a $34 million portfolio.