Haverhill Retirement signs RhumbLine for passive midcap equity

Haverhill (Mass.) Retirement System hired RhumbLine Advisers to manage $15.5 million in passive domestic midcap core equity.

An RFP was issued in September because the system’s board wanted to review its midcap investments, confirmed Sheryl Trezise, administrator for the $173 million defined benefit plan, in an email. Ms. Trezise declined to comment on how the allocation will be funded, but said RhumbLine is a new hire.

Wainwright Investment Counsel, investment consultant to the plan, assisted with the search.