Office of the Massachusetts Treasurer and Receiver General, Boston, is searching for managers for an active large-cap growth equity strategy and five passive strategies for the state's approximately $6 billion 457 plan, said requests for responses posted on the state's procurement website.
The reason for the searches could not be learned by press time.
A large-cap growth option managed by Fidelity Investments is now offered to plan participants.
Additionally, the office is searching for passive managers. The desired strategies are large-cap equity, small-cap equity, international equity, Treasury inflation-protected securities and fixed income. Interested firms must apply for all five strategies.
About $2 billion is invested in TIPS, large-cap equity, small-cap equity, international equity and fixed-income options, all passively managed by State Street Global Advisors.
The requests for responses are available on the state procurement website.
The deadline for active and passive manager proposals is Aug. 6 and Aug. 13, respectively. A timeline for hiring decisions has not been determined.
Jameel Moore, procurement analyst and associate general counsel for the state treasurer and receiver general's office, which oversees the plan, could not be reached by press time.