Taunton (Mass.) Contributory Retirement System is searching for active midcap equity managers to run $10 million for the $270 million pension fund.
The allocation will be split equally between growth and value. The search is not being conducted for core or smidcap managers.
Paul Slivinski, executive director, said in an e-mail that the search is being conducted to comply with state law.
Although Mr. Slivinski declined to disclose the incumbent managers, documents from the pension fund list Munder Capital Management as its current midcap growth manager and Systematic Financial Management as its midcap value manager. They are welcome to rebid.
Dahab Associates, investment consultant to the pension fund, is assisting with the search.
A copy of the RFP is available on Dahab’s website. Proposals are due at 3 p.m. EDT on Sept. 30. A selection is expected to be made either late this year or early next year.
William Dahab, principal and director of research at Dahab Associates, could not be reached by press time.