Massachusetts Water Resources pension fund to add emerging markets manager

Massachusetts Water Resources Authority Employees' Retirement System, Chelsea, issued an RFP for a manager to run up to $18 million in active emerging markets equities, according to the website of the Massachusetts Public Employee Retirement Administration Commission.

The $364 million defined benefit pension fund will consider managers with an established emerging markets equity strategy and proposals for all-cap or small-cap strategies.

The funding source could not be immediately learned.

The pension fund's investment consultant, NEPC, is assisting.

The RFP is available on NEPC's website.

Proposals are due at 4 p.m. EDT July 17 and should be sent to NEPC analysts Mark Grande at MGrande@nepc.com and Nick Edwards at NEdwards@nepc.com.

A selection date has not been set, said Sheryl Trezise, the system's executive director. She could not be reached for further details by press time; Messrs. Grande and Edwards also could not be reached.