Weymouth (Mass.) Contributory Retirement System is searching for a passive domestic large-cap core equity manager to run about $20 million and active international core equity managers to run between $20 million and $25 million, said Jo-Ann Anti, director of the $165 million pension fund.
Both searches are the result of a state law that requires services be put up for bid every five years. Current passive domestic large-cap core equity manager RhumbLine Advisers runs $20 million, while current active international core equity managers Aberdeen Asset Management and EARNEST Partners run $12 million each. All incumbents are invited to rebid.
Both RFPs are available on the website of investment consultant Fiduciary Investment Advisors. The passive domestic large-cap core equity RFP is available here, and the international equity manager RFP, here. Proposals for both RFPs are due at noon EDT on May 23. Ms. Anti said finalist interviews are likely to happen sometime in August, with decisions expected shortly thereafter.