Investors - AUGUST 24, 2016

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Massachusetts-based pension seeks investment consultant

by Andrea Waitrovich

The $43.8 million Swampscott (Mass.) Contributory Retirement System is seeking an investment consultant. Fiduciary Investment Advisors is the current investment consultant.

The RFP is posted on the system’s website, andproposals are due Sept. 12.

The pension fund’s portfolio currently consists of investment portfolios with several investment managers, with 75 percent of the fund invested with the Massachusetts Pension Reserves Investment Management Fund.

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