New Bedford (Mass.) Contributory Retirement System is searching for an active all-cap value equity manager to run about $35 million.
Segal Rogerscasey, investment consultant to the $290 million pension fund, is assisting with the search.
Only commingled funds will be considered, said Segal Rogerscasey spokesman Todd Kohlhepp. The search is being conducted because the incumbent manager's contract is set to expire. The expiration date of the contract could not be determined by press time. Although Mr. Kohlhepp declined to disclose the name of the incumbent manager, he said the firm is welcome to rebid.
The RFP can be found on Segal Rogerscasey's website.
Proposals are due at 3 p.m. EDT July 27. A selection date was not disclosed.