Brockton (Mass.) Contributory Retirement System is searching for a manager of managers or discretionary/outsourced chief investment officer services.
The search is being conducted to comply with state law requiring contracts be put to bid every few years, said Jeanne Martineau, executive director of the $390 million defined benefit plan.
The plan currently has $370 million in such a program with SEI. The remaining assets are in closed-end private equity and private real estate funds. SEI is invited to rebid.
Fiduciary Investment Advisors, investment consultant to the plan, is assisting with the search.
The RFP is available on FIA's website. Proposals are due by 4 p.m. EST Nov. 5. A selection is tentatively scheduled to be made in the second quarter of 2021.
