Plymouth Begins Search For Manager of Managers

Mar 6 2008 | 1:00am ET

The $120 million Plymouth (Mass.) Retirement Board has issued a request for proposals for active management of its portfolio utilizing a manager of managers strategy.

“Right now we have a consultant, Segal Advisors, that makes suggestions and implements what our board wants to do but our board really has the fiduciary responsibility right now,” said a source within the fund. “What they’re looking for is a company that will take that responsibility away and do it themselves such as redistributing that entire fund.”

Plymouth currently has 5% of its portfolio allocated to hedge funds and private equity funds.

The deadline for the RFP, which can be accessed on the Public Employee Retirement Administration Commission Web site, is March 31.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note