Dahab Associates, Inc. Request for Proposal -- 2026 Cash/Short-Term Bond Andover Contributory Retirement System
Posted
-
Sep 25, 2026
This RFP is for a Cash/Short-Term Bond manager search for the Andover Contributory Retirement System.
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Posted
-
Sep 25, 2026
This RFP is for a Cash/Short-Term Bond manager search for the Andover Contributory Retirement System.
Key metrics and characteristics
City
The city where this buyer is located.
Andover
County
The county where this buyer is located.
Essex
Address
Physical address of this buyer.
36 Bartlet Street
Zip Code
Postal code for this buyer's location.
01810
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Board meetings and strategic plans from Andover Contributory Retirement System
The Investment Policy Statement for the Town of Andover Contributory Retirement System establishes comprehensive guidelines for the prudent and actuarially sound management of its funds, aimed at providing retirement benefits to employees. It details fiduciary responsibilities, adherence to Massachusetts laws and ERISA standards, and the protection of assets against inflation. Key objectives include achieving a minimum 7.25% compound annualized rate of return, measured quarterly against a model index, and implementing a multi-manager approach with 100% diversified investments to minimize risk.
This Investment Policy Statement for the Town of Andover Contributory Retirement System outlines the policies and guidelines for the prudent and actuarially sound management of its funds to provide retirement benefits. The plan aims to achieve a reasonable total rate of return of at least 7.25% annualized, protect assets against inflation, and ensure absolute safety. Key focus areas include adherence to Massachusetts laws and fiduciary duties, specific investment performance objectives for various asset classes, brokerage practices, proxy voting, and a multi-manager asset allocation strategy across diversified investments, domestic and international equities, fixed income, and real estate.
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This Investment Policy Statement outlines the policies and guidelines for administering and investing the funds of the Andover Contributory Retirement System. The plan aims to provide retirement benefits through prudent accumulation, investment, and distribution of funds, with the objective of obtaining a reasonable total rate of return while ensuring asset protection against inflation. Key areas include establishing long-term investment performance objectives, detailing fiduciary responsibilities in accordance with Massachusetts laws and ERISA standards, outlining brokerage and proxy voting procedures, and defining asset allocation strategies across diversified investments, domestic equity, international equity, fixed income, and real estate, managed through a multi-manager team approach.
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