About this opportunity
AI summaryThe Falmouth Retirement System seeks proposals from investment management firms to manage up to 14 percent of its defined benefit plan in a commingled vehicle investing in a passive U.S. small cap core equity product. The vehicle's primary objective must be replicating the S&P 600 Index, with an expected allocation between $35 million and $40 million across pooled funds only. Eligible onshore USA organizations must demonstrate familiarity with and agree to comply with relevant sections of Massachusetts G.L. Chapter 32, Chapter 176 of the Acts of 2011, and PERAC investment guidelines. Prospective bidders must obtain the full solicitation from the Wainwright Investment Counsel website and submit their completed proposals by 2:00 PM EST on Tuesday, December 1, 2026.
Buyer and opportunity details
- Client
- Falmouth Retirement Board
Scope of work
- Manage up to 14% of the System's defined benefit plan
- Invest in a commingled vehicle using a Passive U.S. Small Cap Core Equity product
- Replicate the S&P 600 Index as the main objective
- Provide pooled funds only for the mandate
Minimum qualifications
- Must be investment management firms offering pooled funds only
- Must have familiarity with, and agree to comply with, Massachusetts G.L. Chapter 32
- Must have familiarity with, and agree to comply with, Chapter 176 of the Acts of 2011
- Must agree to comply with all applicable investment guidelines administered by PERAC
Key dates
- Date published
- November 4, 2026
- Proposals due
- Tuesday, December 1, 2026 by 2:00 PM EST
Contract details
- Estimated value
- between $35 and $40 million