Haverhill (Mass.) Retirement System is searching for a manager to run $9 million in active domestic large-cap growth equities, benchmarked to the Russell 1000, said Bart Earley, senior investment analyst with consultant Wainwright Investment Counsel. Officials of the $145 million system are concerned with the performance of the portfolio's current manager, Columbia Management, Mr. Earley said; Columbia can rebid. Mr. Earley said he expects plan officials will select a manager within four to six months after the proposal deadline of Jan. 20.
Kathleen Gallant, the plan's administrator, referred all questions to the consultant. Charles Salmans, Columbia spokesman, said the firm had no comment.