Norfolk County Contributory Retirement System, Canton, Mass., is searching for an active domestic midcap growth equity manager to run about $27 million, according to an official at its consultant, Wainwright Investment Counsel. The search is exploratory because there have been performance issues with the existing manager - which the source would not identify - but the board of the $440 million plan could choose to rehire the incumbent, said the source. According to the Money Management Directory, the fund's midcap growth manager is MFS. The portfolio will be benchmarked to the Russell Midcap Growth index.
The RFP is available on Wainwright's website at www.winvcounsel.com. Proposals are due at noon EDT June 28, and the board will likely make a selection in July or August.
Joseph Connolly, pension fund chairman, did not return a call seeking comment. An assistant to John Keenan, executive director, referred questions to Wainwright.