Westfield (Mass.) City Retirement Board is searching for a large-cap domestic equity manager to run about $43 million, confirmed Lynn Rea, board administrator for the $140 million fund.
Ms. Rea said in a telephone interview that most of the assets will come from incumbent RBC Global Asset Management, which ran $30 million in the asset class and was terminated in June. She declined to give the reason for the termination. It has not been decided how the remainder of the investment will be funded, she said.
The board’s target allocation for large-cap equity is 31%.
Responses are due by 4 p.m. EDT on Aug. 31. A timetable for selection was not specified.
The RFP is available by e-mailing Ms. Rea.