Medford (Mass.) Contributory Retirement System is searching for a U.S. small-cap equity manager to run about $5 million for the $198 million defined benefit system.
The system's investment consultant, NEPC, is assisting with the search.
The search was launched to comply with state regulations, said Scott Driscoll, consultant at NEPC. Loomis Sayles & Co. is the incumbent manager and is invited to rebid.
The RFP is available on NEPC's website. Proposals are due by 4 p.m. EDT on March 26. A selection date was not disclosed.