Holyoke, Mass., searching for emerging real estate manager

Holyoke (Mass.) Contributory Retirement System is searching for an emerging real estate manager to run $3 million to $7 million, confirmed Chief Investment Officer Raymond Depelteau.

It is a new allocation for the $180 million pension fund and the assets will come from rebalancing. No managers will be terminated.

Proposals are due at 4 p.m. EST on Feb. 19. A timetable for a decision has yet to be determined.

Interested managers can contact Cheryl Dugre, executive director, at cdugre@ret.holyoke.ma.us for a copy of the RFP.