Weymouth (Mass.) Retirement System is searching for a custodian, an investment consultant and a transition management firm. The functions are currently handled by the $25 billion Massachusetts Pension Reserves Investment Management Board, Boston, which has been managing the $92 million Weymouth systems assets since 1984.
In January, Weymouth officials notified PRIM officials that it might take over management of some of its assets for performance reasons and because it hadnt received state appropriations in three years. Officials for the Weymouth system have not decided whether any assets will be moved, said Tom Hickey, general counsel for Weymouth.
RFPs are available on the plans website at www.weymouthretrfp.com; proposals are due noon EDT May 15.