Taunton Seeks Investment Consulting Services

Mar 10 2008 | 3:30pm ET

The Taunton (Mass.) Retirement Board is looking for an investment consultant to assist with its investment and management of over $190 million in assets of the City of Taunton Contributory Retirement System.

As part of the mandate, consultants will be required to assist the board with the preparation of requests for proposals, evaluate all proposals received and review the evaluation with the board. Firms interested in the RFP must have at least five years experience in the field of Massachusetts public pension fund investments and must be available to meet with the board on a monthly basis for performance review and monitoring.
Paul Slivinski, executive director of the retirment system, said the system’s goal is to ramp up its exposure to alternatives from 2% to 5%.

“We are in the process of finalizing an additional investment to alternatives and when all capital is called, this should bring us closer to our target allocation,” he said.
Proposals for the mandate, which can be accessed by emailing pslivinski@tauntonretirement.com, are due on April 2 at 3:00 p.m.

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