Saturday, 27 August 2016
Last updated 2 hours ago
Nov 5 2007 | 1:01pm ET
The $120 million Town of Plymouth (Mass.) Retirement System is looking to allocate approximately $10 million to a 130/30 strategy, and is considering proposals for commingled and separate account investment vehicles.
Firms interested in submitting bids for the proposal should have three years of experience under their belts with at least $500 million of assets under management and at least $200 million in 130/30 strategies. Also, prospective managers should have outperformed the Standard & Poor’s 500 over the three-year trailing period as of the end of September.
The deadline for submissions is Nov. 29 at 3:00 p.m. EST. The request for proposals can be accessed on Segal Advisors’ Web site.
The Plymouth Retirement System’s invested 10% of its portfolio in alternative equities as of Aug. 1.