Greater Lawrence Sanitary District Employees Retirement System, North Andover, Mass., is seeking an outsourced CIO to manage the pension fund’s $14.5 million investment portfolio and advise the board.
Seaward Management is the current manager and is invited to rebid, said Vincent R. Malgeri, retirement administrator.
The investment manager will have discretion to invest the assets outside of the Massachusetts Pension Reserves Investment Trust fund through private investments. Mr. Malgeri did not disclose how much of the pension fund’s assets are in PRIT.
The RFP is available by contacting Mr. Malgeri via e-mail at [email protected]; or phone at 978-689-9464. Proposals are due by 4 p.m. EST on Nov. 13. A selection date was not disclosed.