Searches and Hires

Boston Water and Sewer seeks U.S. smidcap, global asset allocation managers

Boston Water and Sewer Commission is searching for a U.S. smidcap equity manager to run about $5 million for its $115 million defined benefit plan and a global asset allocation manager to run up to $5 million for its $19 million other post-employment benefit trust.

NEPC, investment consultant for the commission, is assisting with the searches.

Smidcap strategies must have at least $750 million in assets under management and a track record of at least seven years to be considered. Meanwhile, proposed global asset allocation strategies must have at least $1 billion in assets under management and a track record of at least 10 years to be considered.

The RFPs are available on NEPC's website. Proposals for both strategies are due by 4 p.m. EDT July 2. Selection dates were not disclosed.

John Flynn, the commission's procurement director, directed questions to NEPC. Stephanie McMurray, NEPC's manager search coordinator, declined to comment beyond what was in the RFPs.