Searches and Hires

Medford Contributory hunting for passive TIPS manager

Medford (Mass.) Contributory Retirement System is searching for a passive U.S. Treasury inflation-protected securities manager to run about $7 million.

NEPC, investment consultant to the $183 million defined benefit plan, is assisting with the search.

The RFP is available on NEPC's website. Proposals are due at 4 p.m. EST Feb. 13. A selection date was not disclosed.

Mark Minervini, retirement administrator, and Alex Goroshko, research associate at NEPC, could not be immediately reached for additional information.