Stoneham (Mass.) Contributory Retirement System is searching for a manager of managers and/or a discretionary money manager to oversee between $55 million and $75 million in assets, said Karen DeAngelis, retirement board director, in an email.
The $123 million pension fund issued an RFP due to the upcoming expiration of current manager of managers SEI Investments. The firm is invited to rebid, she said.
The pension fund currently has $64 million overseen by SEI; the remainder is in the Massachusetts Pension Reserves Investment Trust, which is overseen by the $101.5 billion Massachusetts Pension Reserves Investment Management Board, Boston.
The RFP is available on Fiducient Advisors' website. Proposals are due at 4 p.m. EDT on June 1. A timeline for a selection was not provided.
