New Bedford (Mass.) Contributory Retirement System is searching for managers to run passive domestic all-cap, passive international and active all-cap domestic growth equities, confirmed Todd Kohlhepp, a spokesman for consultant Segal Rogerscasey, which is assisting the $275 million pension fund with the searches.
The passive allocations would be benchmarked to the Russell 3000 and MSCI EAFE indexes, respectively; the active allocation, to the Russell 3000 Growth index.
The board is considering allocating about $35 million for the all-cap growth equity search, while it plans to determine the allocation size for the index funds at a later date.
The two RFPs can be found on Segal Rogerscasey's website.
Proposals for the passive equity searches are due by 3 p.m. EST on Jan. 29, while proposals for the active equity search are due by 3 p.m. EST on Feb. 3. A selection date was not disclosed.