Worcester (Mass.) Retirement System is searching for a manager to run $20 million in emerging markets debt in a local currency strategy, according to an RFP posted on the website of Meketa Investment Group, the $700 million pension fund's investment consultant.
Proposed strategies must have a one-year track record and be domiciled in the U.S., according to the RFP.
The pension fund did not have any assets invested in emerging markets debt as of Dec. 31, 2011, according to its most recent annual report.
The RFP is available on Meketa's website. Proposals are due at 4 p.m. EDT March 11. A hiring date was not specified.
Elizabeth Early, executive secretary of the pension fund, did not return a telephone call by press time.