Falmouth (Mass.) Contributory Retirement System is searching for an active domestic midcap core equity manager to run about $9 million and an international bond manager to run about $2 million, according to RFPs issued by plan consultant Wainwright Investment Counsel. The midcap core portfolio will be benchmarked to the Russell Midcap index. A town official who asked to remain anonymous said both allocations are new. Information about the source of funding was not available. Ellen Philbin, interim executive director of the $65 million plan, referred questions to Jeff Fabrizio, vice president of Wainwright. Mr. Fabrizio did not respond to requests for comment.
The RFP is available on Wainwright's website at www.winvcounsel.com; proposals are due at noon EDT Aug. 5. The timetable for selections was not available.
Separately, Ms. Philbin will become the Falmouth plan's permanent executive director effective July 18, said Kevin Blanchette, deputy executive director of the Public Employees Retirement Administration Commission, which oversees Massachusetts' 106 public pension systems. Ms. Philbin replaces Margaret Correllus, who resigned in March. Details of Ms. Correllus' resignation could not be learned by press time.