Weymouth (Mass.) Contributory Retirement System is seeking at least one manager to run up to $15 million in active diversified smidcap equity, according to Maura Goulart, a research associate at consultant Fiduciary Investment Advisors, which is assisting the $155 million defined benefit pension fund with the search.
New regulations from the Massachusetts Public Employee Retirement Administration Commission require five-year contracts with managers, so the pension fund wants to stagger the process and not have to renew all of its contracts at once, according to Jo-Ann Anti, director of the fund.
Incumbents Loomis, Sayles & Co. and Penn Capital Management Co. may rebid.
The retirement board might select more than one manager.
The RFP is available by request via e-mail to Ms. Goulart at [email protected].
Proposals are due at 4 p.m. EDT Oct. 25. A decision is expected sometime in the first quarter of 2014.
