Belmont (Mass.) Contributory Retirement System is searching a global multisector fixed-income manager to run about $14 million for the $131 million defined benefit plan.
The search is being conducted to comply with state law requiring contracts be put out to bid every seven years, said Robert Soohoo, the pension fund’s executive director. Loomis Sayles & Co. is the current manager and is expected to rebid.
The RFP is available on NEPC's website. Proposals are due by 2 p.m. EST March 2. A selection date has not yet been determined.
