Andover (Mass.) Contributory Retirement System is searching for an investment consultant.
The $361 million pension fund issued an RFP due to the upcoming expiration of current consultant Dahab Associates’ contract on April 30, 2023, said Elena M. Kothman, executive director of retirement services, in an email. The firm is eligible to rebid, Ms. Kothman said.
According to the new RFP, the pension fund currently has 50% allocated to the Massachusetts Pension Reserves Investment Trust Core fund, 32% in "PRIT sleeves" and 18% in passive domestic small-cap and midcap portfolios managed by RhumbLine Advisers.
The RFP is available on the pension fund's website. Proposals are due Oct. 19. A timeline for a selection was not provided.
