Lexington (Mass.) Contributory Retirement System hired RhumbLine Advisers to run $5 million in passive domestic large-cap equities, confirmed Marguerite Oliva, retirement board administrator.
It is a new allocation for the $106 million pension fund. An RFP was issued in January, and a funding source has yet to be determined. There were no other finalists.
Investment consultant Meketa Investment Group assisted.