Westfield (Mass.) Contributory Retirement System is searching for an active domestic large-cap core equity manager to run between $20 million and $25 million.
The $330 million pension fund issued an RFP because the Massachusetts Public Employee Retirement Administration Commission requires services be put up for bid every seven years, said Liam Browne, the pension fund’s director.
Current manager Columbia Threadneedle Investments is eligible to rebid, he said.
The RFP is available on the website of investment consultant Fiducient Advisors, which is assisting with the search. Proposals are due by 4 p.m. EDT on March 26. The pension fund’s board plans to make a selection by its June board meeting, Browne said.
