Saugus (Mass.) Retirement System is searching for a high-yield fixed-income manager to run about $4.5 million and an international developed markets equity manager to run $3 million to $5 million, said Ann C. Quinlan, plan administrator.
The $109 million pension fund has issued two RFPs for portfolios because it has taken on the responsibility for some assets previously managed by the Massachusetts Pension Reserves Investment Trust, Ms. Quinlan said.
Investment consultant Wainwright Investment Counsel is assisting.
The RFPs are available on Wainwright's website. Registration is required. Proposals are due at 2 p.m. EDT on Sept. 12. Timelines for decisions were not provided.