Swampscott (Mass.) Contributory Retirement System is searching for...

Swampscott (Mass.) Contributory Retirement System is searching for managers for two new asset classes — domestic small-cap stocks and real estate. The $25 million system is searching for a core domestic small-cap manager to run a $1.5 million portfolio and for a core real estate manager to run a commingled $1.2 million portfolio, after the new asset allocation has been adopted. The deadline for RFPs is Dec. 10. Segal Advisors is assisting. The system’s new asset allocation is 41% domestic large-cap equities; 6% domestic small-cap equities; 10% international stocks; 35% domestic bonds; 5% real estate; and 3% cash. The system’s previous asset allocation was 60% equities and 40% fixed income.