Woburn (Mass.) Retirement System is searching for a U.S. smidcap value equity manager to run up to 13.5%, or about $21 million, of the $153 million defined benefit plan, said an announcement on the state's Public Employee Retirement Administration Commission's website.
The actual amount to be allocated will be determined as a percentage of the portfolio. Wainwright Investment Counsel, investment consultant to the pension fund, is assisting with the search.
The search is open to both actively and passively managed strategies. Both commingled vehicles and separately managed accounts will be considered.
The RFP is scheduled to be posted on Wainwright's website. Registration is required. Proposals are due at 2 p.m. EST on Dec. 19. A selection date was not disclosed.
Maureen Marcucci, retirement administrator, and Jeff Fabrizio, Wainwright's director of research, could not be reached for more information.