Norfolk County Retirement System, Canton, Mass., is searching for a liquid opportunistic credit manager to run as much as $30 million.
Wainwright Investment Counsel, investment consultant to the $770 million defined benefit plan, is assisting with the search.
The proposed strategy should be benchmarked to the LIBOR three-month rate plus 300 basis points. Only actively managed strategies will be considered.
The RFP is available on Wainwright's website. Registration is required. Proposals are due by 2 p.m. EDT Sept. 13. A selection date was not disclosed.
Further information could not be learned. Kathleen Kiely-Becchetti, executive director of the retirement system, and Gus Aristizabal, director of research at Wainwright Investment Counsel, could not be reached by press time.
