Brockton (Mass.) Contributory Retirement System is searching for a hedge fund-of-funds manager to run $8.5 million, a new allocation for the $170 million system, said Harold Hanna, spokesman. Funding will come from cash and from reducing other portfolios, Mr. Hanna said.
The RFP is available from consultant Matt Seney at Wainwright Investment Counsel, and any questions should be sent to him by e-mail at [email protected] Phone calls will not be accepted. Proposals are due at noon EDT Oct. 18.
System executives will make a selection or decide against making the investment by June 30.