Searches and Hires

North Attleboro Retirement to allocate $5 million to open-end timber and/or agriculture

North Attleboro (Mass.) Contributory Retirement System is looking to allocate up to $5 million to open-end timber, agriculture or timber/agriculture combination strategies. The system may hire more than one manager.

Dahab Associates, investment consultant for the $115 million defined benefit plan, is assisting with the search.

The search is being conducted to fill out the system's 15% allocation to real assets, said Steve Roth, chief investment officer at Dahab. It's currently at 10%.

The system is invested in an AmSouth closed-end timber fund that is winding down, so is looking to reinvest the capital in another timber/agriculture fund.

The RFP is available on Dahab's website. Proposals are due by noon EST Nov. 27. A selection date has not yet been determined, said Mr. Roth.