Weymouth (Mass.) Retirement System is looking for core-plus fixed-income managers to run $22 million to $25 million and dedicated unconstrained, flexible duration fixed-income managers to run $5 million to $7 million.
The board is seeking actively managed strategies and may select more than one manager.
Fiduciary Investment Advisors, investment consultant to the $210 million defined benefit plan, is assisting with the search.
The searches are being conducted to comply with state regulations, said Edward J. Masterson, retirement system director. Amundi is the plan’s current core-plus manager and BlackRock is the unconstrained manager. Both are welcome to rebid.
The RFP is available on FIA's website. Proposals are due 4 p.m. EST Feb. 12. Selection dates were not disclosed.