Taunton (Mass.) Contributory Retirement System is searching for a total return/real return manager to run $5 million, confirmed Steven Roth, director of manager research at Dahab Associates, the $200 million system's investment consultant.
The system is seeking a manager to run a diversified global or domestic portfolio consisting of any or all of the following types of investments: common and/or preferred stock, fixed income, closed-end funds, MLPs, REITs and royalty trusts.
The allocation is new. Funding will come from rebalancing; no managers will be terminated, Mr. Roth said in a telephone interview.
The RFP is available at Dahab's website. Proposals are due by 5 p.m. EST Dec. 6.
The timetable for presentations by three finalists and a selection date have yet to be determined.
Paul Slivinski, executive director of the system, did not return a phone call by press time.