Medford (Mass.) Contributory Retirement System issued an RFP for a manager to run its $135 million in pension assets in an active global asset allocation commingled fund, according to the retirement system's website. The fund will initially put $13 million in the portfolio before moving the remaining assets, according to the website. To be considered, firms must have had at least $500 million in global asset allocation assets under management as of Dec. 31.
Tina Rapatano, administrator for the retirement system, referred all calls to the pension plan's consultant, Martin Coughlin of New England Pension Consultants. Mr. Coughlin was not available to offer further details on the search.
Requests for an RFP should be sent to [email protected] by April 5. Proposals are due April 14.