Taunton (Mass.) Contributory Retirement System issued an RFP for an active domestic small-cap core equities manager to run $7.5 million portfolio, said Paul J. Slivinski, executive director. The search is prompted by the departure of a portfolio manager and a change in the style objective at Fleet Investment Advisers, the $110 million systems current small-cap manager. "Its just a requirement when its a style change or when the manager has changed that were required to submit a new bid, Mr. Slivinski said. Fleet will be asked to rebid, he added.
The RFP is available by e-mail from [email protected] Proposals are due Aug. 12; system officials will select finalists in September and make a selection by October, Mr. Slivinski said. Segal Advisors is assisting.