About this opportunity
AI summaryThe Falmouth Retirement System seeks proposals from investment management firms to manage up to 13 percent of its defined benefit plan in a passive U.S. mid cap core equity product. The product's primary objective must be to replicate the S&P 400 Index, and the board will consider only commingled funds for this mandate. The board expects to allocate between $32 million and $37 million for this portfolio. Eligible firms must be onshore USA organizations, and the selected managers must demonstrate familiarity with and comply with Massachusetts G.L. Chapter 32, Chapter 176 of the Acts of 2011, and PERAC investment guidelines. Interested vendors can access the request for proposal on the Wainwright Investment Counsel, LLC website. Proposals must be submitted by 2:00 PM EST on Wednesday, December 2, 2026.
Buyer and opportunity details
- Client
- Falmouth Retirement System
Scope of work
- Manage up to 13% of the System's defined benefit plan
- Provide a Passive U.S. Mid Cap Core Equity product
- Replicate the S&P 400 Index as the main investment objective
- Provide commingled funds for this mandate
Minimum qualifications
- The Board will consider only commingled funds for this mandate
- Must have familiarity with and agree to comply with relevant components of Massachusetts G.L. Chapter 32
- Must 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
- Wednesday, December 2, 2026 by 2:00 PM EST
How to submit
- Instructions
- To obtain a copy of the RFP, visit the website of Wainwright Investment Counsel, LLC at www.winvcounsel.com
Contract details
- Estimated value
- between $32 and $37 million