Swampscott Seeks INVESCO Replacement

By Marc Sorondo

June 16, 2008

In a move that could remove INVESCO from its roster, the Swampscott Retirement System is searching for an international core equity manager to oversee roughly $5.5 million, confirmed Richard DiPesa, the executive director with the $31.2 million plan. DiPesa said that the board has not been pleased with the services of INVESCO and that it is looking for a firm to take over the manager's account.

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