Watertown (Mass.) Contributory Retirement System hired Wainwright...

Watertown (Mass.) Contributory Retirement System hired Wainwright Investment Counsel as investment consultant to replace Dahab Associates, confirmed Barbara Sheehan, executive secretary of the $56 million fund. "I would imagine that the first thing they are going to do is to take a look at the asset allocation and then take a look at the managers,’’ she said. The system’s current asset allocation is 52.3% equities, 26% bonds, 4.8% cash, 5.6% real estate and 11.3% international investments.