Holyoke Contributory Retirement rehires SSGA as passive manager

Holyoke (Mass.) Contributory Retirement System rehired State Street Global Advisors to manage $52 million in passive index funds, confirmed Cheryl A. Dugre, executive director of the $240 million pension fund.

The funds are spread over Russell 1000 and Russell 2000 indexes, and S&P 400, EAFE, Emerging Markets and TIPS indexes.

The RFP was originally issued in July.

RhumbLine Advisers and Comerica Asset Management were the other two finalists.