Cambridge (Mass.) Retirement System is searching for a manager to run $45 million in active domestic large-cap growth equities, according to an RFP from the $580 million system.
The system's board is accepting proposals for commingled funds and separate accounts.
Carol Loi, an analyst at consultant Segal Advisors, said in an interview that the new manager would replace an existing manager, but she would not elaborate. According to the 2009 Money Market Directory, the system's large-cap growth equity manager as of September 2007 was Marvin & Palmer; while SSgA and Voyageur Asset Management ran large-cap stocks.
The RFP is available on Segal Advisors' website, at http://www.segaladvisors.com.
Two copies of the proposals must be sent to Ellen Philbin, executive director, Cambridge Retirement Board, 255 Bent St., 3rd Floor, Cambridge, MA 02141; a copy also must be sent to Carol Loi, associate, Segal Advisors, 116 Huntington Ave., 8th Floor, Boston, MA 02116.
The deadline is 3 p.m. EDT on Aug. 6. Ms. Loi said there is no timeline for selection. She said Larry Marino, senior vice president at Segal, is heading up the search.