City of West Springfield (Mass.) Retirement System is searching for five active managers to run its $40 million in assets. They will handle: $14 million in fixed income; $11 million, large-cap growth equities; $11 million, large-cap value equities; $2 million, small-cap growth equities; and $2 million, active international value equities. The system decided to conduct the searches at the request of new consultant Dahab Associates.
Funding will come from current manager Fleet Investment Advisors, which managed the entire $40 million in active domestic large-cap value and active domestic fixed income; Fleet will be able to rebid.
RFPs are available from Dahab at www.dahab.com. Proposals are due by 3 p.m. EST Feb. 28. They will be reviewed in March, and managers may be hired by the end of April, said Lillian Jones, senior consultant at Dahab.
