Cambridge Contributory Retirement seeks timber fund for $25 million allocation

Cambridge (Mass.) Contributory Retirement System is looking to allocate about $25 million to a global or domestic timber fund.

Segal Marco Advisors, investment consultant to the $1.1 billion defined benefit plan, is assisting with the search.

The board is looking for a timber fund or a timber and farmland fund that excludes real estate investment trusts. Minority- and women-owned managers are strongly encouraged to submit proposals.

The RFP can be obtained on Segal Marco Advisors' website. Proposals are due 3 p.m. EDT April 13. A selection date was not disclosed.

Neither Ellen K. Philbin, executive director of the pension fund, nor Todd Kohlhepp, spokesman for Segal Marco Advisors, could be immediately reached to provide further information.