Searches and Hires

Norwood Contributory on lookout for domestic small-cap core equity manager

Norwood (Mass.) Contributory Retirement System is looking to allocate about $12 million to an active U.S. small-cap core equity strategy, according to an announcement on the website of Meketa Investment Group, investment consultant to the $156 million pension fund.

Interested managers must have at least $500 million in assets under management and have at least $200 million in small-cap core equity assets to be considered. Submitted strategies must also have a minimum track record of three years to be considered.

The pension fund's current allocation to U.S. equities is 27%.

The RFP is available on Meketa's website. Proposals are due 3 p.m. EST Nov. 27. A selection date was not disclosed.

Debra A. Wilkes, executive director of the plan, and Steve MacLellan, vice president at Meketa, could not be immediately reached for additional information.