North Attleboro (Mass.) Contributory Retirement System is searching for a passive money manager to run a total of $38 million in domestic equity and core fixed-income portfolios, an active domestic large-cap value equity manager to run $20 million and an active domestic large-cap growth equity manager to run $18 million.
The $170 million pension fund issued three RFPs to comply with Massachusetts Public Employee Retirement Commission regulations that require the services be put up for bid every seven years, said Sharon Sullivan, the pension fund's executive director.
All current managers are eligible to rebid, she said.
RhumbLine Advisers currently runs $20 million in passive domestic large-cap equities and $18 million in passive domestic core fixed income, Aristotle Capital Management is the current large-cap value manager, and Loomis Sayles & Co. is the current large-cap growth manager.
The passive manager RFP, large-cap value RFP and large-cap growth RFP are available on the website of Dahab Associates, the pension fund's investment consultant, which is assisting with the searches.
All proposals are due at noon EDT on May 13. Timelines for selections have yet to be determined.
