Bristol County Retirement System, Taunton, Mass., is considering allocating up to at least $30 million to two passive funds — one for domestic equities and the other for fixed income.
The board is looking to allocate up to $20 million to a passive domestic equities fund benchmarked against the Russell 1000 or S&P 500 indexes, and up to $10 million to a passive fixed-income index fund benchmarked against the Bloomberg Barclays Aggregate Bond index.
Segal Marco Advisors, investment consultant to the $804 million pension fund, is assisting with the search.
The search is being conducted to comply with state law, said Roxanne L. Donovan, executive director of the pension fund. Funding will come from rebalancing.
The RFP is scheduled to be available on Segal Marco's website. Proposals are due 3 p.m. EST on March 3. A selection is expected to be made in April, Ms. Donovan said.