Massachusetts Pension Reserves Investment Management Board, Boston...

Massachusetts Pension Reserves Investment Management Board, Boston, issued an RFP for special situations managers to run up to $800 million total in domestic equity assets with a focus on corporate governance. The board is searching for firms that invest in a concentrated portfolio of undervalued public companies, looking to improve those firms’ corporate governance, said Stan Mavromates, senior investment officer at the $26 billion pension fund. Proposals are due Dec. 20. Funding will come from passive domestic equity assets, said Mr. Mavromates.