West Springfield (Mass.) Retirement System is searching for an investment manager to run the plan's entire $123 million investment portfolio with a "well-diversified" allocation, according to an RFP.
Interested managers must handle accounts between $50 million and $250 million as separately invested balanced portfolios, not commingled funds.
The search is being conducted to comply with state law, said Tasha Hoye, benefits coordinator. The de Burlo Group is the plan's current investment manager and is invited to rebid.
The RFP can be obtained by contacting Ms. Hoye via email.
Proposals are due at 3 p.m. EDT Oct. 25. A selection is expected to be made by the end of the year, the RFP said.
