The Board of Trustees of the Danvers Contributory Retirement System (“Board”) are evaluating equity index providers in conjunction with Russell 1000 Growth and S&P 500 Index searches. The Russell 1000 Growth mandate will be for approximately $16 million while the S&P 500 mandate will be for approximately $12 million. The System is also interested in hearing from providers who have passive index solutions for small cap US equities (S&P 600 or Russell 2000). Individual contracts will be awarded and stated in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion or to select more than one manager and to determine the amount of assets each will manage.
Proposals must be received by the Board prior to 3:00 p.m. EST on September 13, 2023. Proposals will not be accepted after the closing date and time. Please direct questions pertaining to the Request for Proposal via email only to bostonrfp@segalmarco.com.
Danvers Passive Equity RFP August 2023 (doc)The Cambridge Contributory Retirement Board (“Board”) is considering the procurement of a qualified bank or financial institution to provide institutional custodial/master trust services. The Fund is valued at approximately $1.7 billion and is currently comprised of two separately managed fixed income portfolios and forty “pooled” portfolios. Individual contracts will be awarded and stated in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion.
Proposal must be received at the Board prior to 3:00 p.m. EST on October 20, 2023. Proposals will not be accepted after the closing date and time. Proposals will not be accepted after the closing date and time. Please direct questions pertaining to the Request for Proposal via email only to bostonrfp@segalmarco.com no later than October 6, 2023.
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