The Town of Lexington (Mass.) Retirement System is looking for a multi-strategy fund of hedge funds to manage between $1 million and $2 million.

Firms interested in the mandate must be registered with the Securities and Exchange Commission, have at least a three-year track record and at least five years experience in managing hedge fund investments for institutional investors. The pension also requires that prospective managers have experience running one or more investment strategies with total assets of more than $10 million.

The deadline for the mandate, which may be for either a commingled or separate account, is Jan. 20.

A copy of the request for proposal can be found on Meketa Investment Group’s Web site.