Norwood (Mass.) Contributory Retirement System is searching for an active high-yield fixed-income manager to run about $7 million, said Debra A. Wilkes, executive director.
The $205 million pension fund issued an RFP to comply with Massachusetts Public Employee Retirement Administration Commission regulations that require services be put up for bid every seven years, Ms. Wilkes said. Current manager Columbia Threadneedle Investments is invited to rebid.
The RFP can be obtained by emailing [email protected]. Proposals are due at 3 p.m. EDT on June 30. A timeline for a selection was not provided.
Investment consultant Meketa Investment Group is assisting.
