Falmouth (Mass.) Retirement System rehired RhumbLine Advisers to manage up to $11 million in passive domestic large-cap value equities and up to $9 million in passive domestic large-cap growth equities.
The $155 million pension fund's board approved the rehiring at its May 21 meeting, recently released minutes show. The pension fund issued an RFP in February.
Mellon Investments and State Street Global Advisors were the other finalists, according to April 23 board meeting minutes.
Investment consultant Wainwright Investment Counsel assisted.
Francis St. Germaine, director of the retirement system, could not be immediately reached for further information.
