Cambridge (Mass.) Retirement System is searching for an active domestic large-cap growth equity manager to run $39 million, said Kevin Leonard, the Segal Advisors consultant assisting the $438 million pension fund. RFPs are available from Christopher Tehranian at [email protected] Proposals are due April 7; a selection date has not been set.
Partial funding will come from terminating Putnam for performance; it ran $21.5 million in a similar style, Mr. Leonard said. The remainder will come from a temporary Russell 1000 growth index fund run by State Street Global Advisors. A spokeswoman for Putnam said the firm would not comment.