Passive U.S. Small-Cap Core Equity Management

The Falmouth Retirement Board is seeking an investment manager for a pooled passive U.S. small-cap core equity strategy designed to track the S&P 600, with an anticipated allocation of $35 million to $40 million.

Town of Falmouth > Falmouth Retirement Board > Falmouth Retirement System


General
Open
Dec 01, 2026 07:00 PM
Nov 04, 2026 12:00 PM
$40,000,000.00
Request for Proposal (RFP)
Local
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Description

The Falmouth Retirement Board seeks investment management firms to manage up to 14% of the System's defined benefit plan in a pooled vehicle investing in a passive U.S. small-cap core equity product. The strategy's main objective is to replicate the S&P 600 Index, and the Board will consider only pooled funds. The anticipated allocation is between $35 million and $40 million, with the final dollar amount determined as a percentage of portfolio market value at funding. The selected manager must be familiar with and agree to comply with relevant components of Massachusetts General Laws Chapter 32, Chapter 176 of the Acts of 2011, and applicable investment guidelines administered by the Public Employee Retirement Administration Commission.

Classification Codes
NAICS523940Portfolio Management and Investment Advice
PSCR547STUDY/ACCOUNTING/FINANCIAL MGT
Smart Codes
small-cap equity managementpassive index investingcommingled investment funds
Specifications
Service Only
Timeline
Dec 01, 2026 07:00 PM-Proposal Deadline
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