Marlborough (Mass.) Contributory Retirement System is searching for an active international growth equity commingled fund manager to run between $6 million and $10 million, confirmed Margaret Shea, plan director. Officials at the $90 million fund want to add a growth strategy to complement the existing international value portfolio managed by Boston Co. Asset Management, Ms. Shea said. The addition is being made for diversification, and funding will likely come from reducing the $15 million Boston Co. portfolio.
The RFP is available on consultant Meketa Investment Groups website at www.meketagroup.com/mgrCenter.php. Proposals are due by 4 p.m. EDT June 18, and plan officials hope to make a selection by September.