Danvers (Mass.) Contributory Retirement System is searching for a domestic core bond manager to run about $15 million and a domestic large-cap core equity manager to run about $12 million, said RFPs provided by Susan Little, board administrator.
The fixed-income allocation will be benchmarked against the Barclays Capital Intermediate Government/Credit index and the equity allocation, the Russell 1000 index.
Only separate accounts will be considered.
Further information on the search, including funding sources, could not immediately be learned.
The RFPs are available from Ms. Little via e-mail at [email protected]. Proposals for both searches are due by 1 p.m. EDT on Aug 16. Hiring decisions are anticipated by Dec. 31.
The pension fund has $90 million in assets.