Norwood (Mass.) Contributory Retirement System is considering allocating $10 million to an opportunistic co-investment hedge fund-of-funds strategy.
The search is being conducted at the recommendation of the plan's investment consultant, Meketa Investment Group, as a possible method of diversifying the $164 million portfolio, said Debra A. Wilkes, executive director of the pension plan.
The RFP is available on Meketa's website. Proposals are due noon EDT Oct. 28. Ms. Wilkes said a time frame for selecting a manager has not yet been established.