Newton (Mass.) Retirement Board issued an RFP for a manager to run $20 million in active domestic small-cap core equities, confirmed Rafik Ghazarian, consultant with Segal Advisors, which is assisting in the search. The $250 million pension plan is considering replacing incumbent OFI Institutional Asset Management, Mr. Ghazarian said, but referred other questions to the retirement board. Kelly Byrne, the plan's director, was unavailable for comment by press time.
The RFP is available by e-mailing Brian Keenan, a consultant with Segal Advisors, at [email protected] Proposals are due by 12:30 p.m. EDT May 30.