Franklin Regional Retirement System, Greenfield, Mass., is searching for an active or passive large-cap value equities manager to run about $7 million.
Dahab Associates, investment consultant to the $120 million pension plan, is assisting with the search.
Dale Kowacki, executive director of the retirement system, said the search is being conducted to comply with Massachusetts state law requiring services be put up for bid every seven years.
O’Shaughnessy Asset Management is the plan’s current active large-cap value manager, running about $7 million. O’Shaughnessy is invited to rebid.
A copy of the RFP is available on Dahab’s website.
Proposals are due by 3 p.m. EST on Nov. 6. Mr. Kowacki said a decision could be made anywhere from late November to sometime in January.