Lynn (Mass.) Contributory Retirement Board is searching for its first...

Lynn (Mass.) Contributory Retirement Board is searching for its first private equity fund of funds manager; the firm will run $2.5 million. The $160 million pension fund plans to increase its private equity allocation to its target of 5% of total assets, from about 3%, said Kevin Leonard of consultant Segal Advisors. A selection is expected by early 2005. Gary Brenner, executive secretary at the pension fund, could not be reached for comment.