Danvers (Mass.) Contributory Retirement System is searching for high-yield fixed-income and secondary private equity fund managers.
The $157 million pension fund is issuing two RFPs for a high-yield fixed-income manager to run about $8 million and a secondary private equity fund to which it plans to commit $8 million, according to notices posted on the website of the Massachusetts Public Employee Retirement Administration Commission.
The notices did not provide further information about incumbent managers or whether they are invited to rebid.
The RFPs can be obtained by emailing investment consultant Segal Marco Advisors, which is assisting with the searches. Proposals are due at 3 p.m. EST on Dec. 15 for both RFPs.
A timeline for a selection was not provided.
Susan M. Little, retirement manager, could not be immediately reached for further information.
