Weymouth (MA) Retirement Seeks Manager for $55M Core-Plus FI Mandate

The board of the Weymouth Retirement System is seeking proposals to manage a core-plus fixed-income mandate of up to $55M, according to an RFP posted by consultant Fiducient Advisors, which is assisting in the search.

The Weymouth, MA-based pension said it could end up selecting more than one manager for the mandate, which must be long only with an emphasis on core fixed-income securities and capability to invest in “plus” sectors. Multi-sector credit strategies will not be considered for the mandate, which is also expected to maintain an investment grade minimum weighted average credit quality.

The deadline for proposals to consultant Fiducient is 4:00 pm Eastern Daylight Time on October 23, and the board says it expects to select the winning manager or managers within 180 days of that submission deadline.

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