Watertown (Mass.) Contributory Retirement System is searching for a manager to run about $6 million in active domestic midcap growth equities, according to an RFP issued by the $70 million plan's consultant, Wainwright Investment Counsel. Barbara A. Sheehan, pension plan director, said the goal is to add diversification. Hutchens Investment Management, the plan's only midcap manager, runs $11.8 million in active domestic midcap core, she said.
Funding will come from rebalancing; Ms. Sheehan said she didn't believe any manager would be terminated. She referred additional questions to Gus Aristizabal, the consultant at Wainwright who works with the plan; he was not available for comment by press time.
The RFP is available on Wainwright's website, www.winvcounsel.com. Proposals are due Sept. 30.