Lexington (Mass.) Contributory Retirement System issued an RFP for a manager to run $10 million in active domestic opportunistic equities, comprising mainly midcap core, said Eric W. Stewart, consultant with Meketa Investment Group, which is assisting. Officials of the $92.8 million fund will consider proposals for either a commingled fund or a separate account. They are adding the mandate for diversification. Funding will come from reducing existing equity mandates; no managers will be terminated.
The RFP is available by e-mail from [email protected] Proposals are due at 4 p.m. EST March 28. Plan officials will likely schedule final presentations for the second quarter.
Marguerite Oliva, administrator, referred questions to Meketa.
