Amesbury (Mass.) Contributory Retirement System is searching for an active domestic small-cap growth equity manager to run $1.5 million to $2 million, said Sheryl Trezise, plan administrator. The $29 million pension fund will likely replace Bank of New York's BNY Hamilton small-cap growth fund, which has been on watch "for a while" because of underperformance, she said. Kevin Heine, Bank of New York spokesman, did not return a call seeking comment by press time.
The RFP is available by e-mailing consultant Segal Advisors at [email protected] Proposals are due at 11 a.m. EDT July 22, and the retirement board will accept extended small-cap growth and small-to-midcap growth proposals, according to the RFP. Ms. Trezise said plan officials could select finalists in August, and interviews wouldn't be conducted before September. The goal is to have a manager in place by the end of the year, she said.