Waterbury (Conn.) Retirement System, with approximately $13 million in assets, is searching for one bond manager and two stock managers as it moves from a balanced approach. The searches are the result of an asset allocation study conducted by Segal Advisors.
The system is searching for a core domestic fixed-income manager to manage $4.5 million, and an active domestic small-cap core manager to run $1 million. RFPs are due Feb. 27 and may be obtained from [email protected]
Waterbury also is searching for a domestic, core large-cap equities manager to run an active or passive portfolio of $6 million; the deadline is Feb. 20.
Fleet and Fahnestock Asset, the existing managers, will be allowed to participate in the searches, said Kevin Leonard, the Segal consultant who is assisting.
The new asset allocation is 65% equities and 35% fixed income.
