Town of Swampscott (Mass.) Contributory Retirement System is searching for an active domestic smidcap core equity manager to run about $1.7 million, confirmed Richard DiPesa, board administrator for the $24 million fund.
The portfolios previous manager, Independence Investments, was terminated for performance, Mr. DiPesa said. Investment consultant Fiduciary Investment Advisors is assisting. An RFP can be obtained by e-mailing Devon Francis at FIA at [email protected]
Richard Chimberg, a spokesman for Independence, said Swampscott was a valued client and Independence wishes them well in their future investments.