The Watertown (Mass.) Contributory Retirement System extended the deadline to June 15 on an RFP for a manager to run roughly $7 million in active domestic midcap value equities for the $80 million pension fund, according to the RFP.
The original RFP deadline of April 25 is being extended because plan officials wanted more responses, according to Barbara Sheehan, the plan's director. Funding for the new asset class will come from money parked in an S&P midcap value index, she said. The move is being made for diversification.
The RFP is available on consultant Wainwright Investment Counsel's website at www.winvcounsel.com/rfp.html. Proposals are due by 2 p.m. EDT June 15. There is no timeframe for making a selection.
