Woburn (Mass.) Retirement System is searching for an active manager to run $8 million in domestic small-cap to midcap value equities. The $65 million system may replace incumbent David L. Babson, which is on a watch list for performance, said consultant Bart Earley of Wainwright Investment Counsel. A decision on terminating Babson will be made after proposals have been evaluated, he said.
Issac Williams, spokesman at Babson, did not respond by press time.
Proposals are due May 23.