Haverhill R.S. Hires for Small-Cap
July 29, 2008
The Haverhill Retirement System has selected Putnam Investments to manage an $8.5 million small-cap growth mandate, confirmed Kathleen Gallant, administrator at the $174.9 million fund.
Gallant referred all questions regarding the hire to Gus Aristizabal, the plan's consultant with Wainwright Investment Counsel, who assisted with the search. He did not return calls by press time, however.
The plan has a 38% allocation to domestic equity, according to the Massachusetts Public Employee Retirement Administration Commission's (PERAC) Web site. The remaining allocations consist of 16% international equity, 23% fixed-income, 11% real estate, 3% alternative investments and 9% absolute return.
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