Essex system issues 2 RFPs

Essex Regional Retirement System, Danvers, Mass., is searching for an active domestic large-cap core equity manager to run about $60 million and a private equity fund-of-funds manager to run about $8 million. The searches are being conducted as part of the system’s third-quarter rebalancing process, said Timothy Bassett, chairman and executive director of the $238 million fund. “We want to look at what’s out there, see if there are new strategies,” Mr. Bassett said. The system does not currently have a private equity fund-of-funds manager. Segal Advisors is assisting. The RFPs are available on the Massachusetts Public Pension Forum’s website at www.mppf.org/searches/current-searches/index.html. Proposals are due Oct. 1 for the private equity search, and Oct. 9 for the large-cap search. Mr. Bassett couldn’t say when a selection will be made.