Lexington (Mass.) Contributory Retirement System is searching for a passive domestic equity manager to run about $20 million.
Meketa Investment Group, investment consultant to the $171 million defined benefit fund, is assisting with the search.
The selected manager is expected to match the Russell 1000 index. Only proposals from experienced managers of indexing strategies will be considered. Respondents must have been in operation for at least three years and have total assets under management exceeding $500 million to be considered.
The RFP is available on Meketa's website. Proposals are due by 3 p.m. EST Dec. 6. A selection date was not disclosed.
Marguerite Oliva, the systems' retirement administrator, and Thomas Dunleavy, investment analyst at Meketa, could not be immediately reached for additional comment.
