Norfolk County Retirement System, Dedham, Mass., is searching for an active domestic small-cap value equity manager to run $25 million, said Timothy Cahill, county treasurer. The deadline for proposals is May 25. Current manager INVESCO is on a watch list for performance, Mr. Cahill said. The $400 million system will review responses at its May 30 board meeting and decide if it is worth making the switch if other managers have substantially better performance, Mr. Cahill said.
Officials at INVESCO were unavailable for comment by press time.