Westfield (Mass.) Contributory Retirement System rehired incumbent managers Boston Co. and Columbia Threadneedle. Each manager runs about $20 million in active U.S. large-cap equity strategies.
The RFP was issued in April to comply with state regulations, said Raymond Depelteau, chief investment officer for the $230 million defined benefit system.
Seizert Capital Partners was the other finalist.
As of Dec. 31, 2016, the system had a target asset allocation of 47.5% to domestic equities.