Brockton (Mass.) Contributory Retirement System is issuing an RFP for an active domestic all-cap core equity manager to run up to $5 million for the $165 million pension plan, said Harold P. Hanna Jr., executive director. Funding will come from annual appropriations from the city of Brockton and from the maturing investments in the L&B Property Fund IV and the SSR Realty MAC Trust Fund.
Separately, the plan is issuing an RFP for a commission recapture broker. The plan currently uses Trading Partners and would like to offer employees another option, he said.
Copies of both RFPs are available online at www.winvcounsel.com/docs/rfps.html. All proposals are due Sept. 13, and the board may make selections at its October meeting, which has not been scheduled, said Mr. Hanna. Wainwright Investment Counsel is advising.