Woonsocket, R.I., will issue RFPs on Friday for an active domestic fixed-income manager and three active domestic equity managers: one each for large-cap, midcap and small-cap.
The fund has about $1 million in assets; money for the hires will come from issuance of pension obligation bonds, which are expected to bring in $90 million, said Gerald Goldberg, senior investment management consultant at Prudential Securities Inc., the city’s consultant. The large-cap manager will handle $10 million to $12 million; midcap, $11 million to $14 million; small cap, $9 million to $11 million; and fixed income, $50 million to $60 million, Mr. Goldberg said.
Responses are due June 28. Interested managers can contact Mr. Goldberg at (860) 280-0240.
