The Middlesex County Retirement Board, Billerica, Mass., is searching for two emerging markets managers - one to run $21 million in equities and the other $12.5 million in debt - as well as an international fixed-income manager to handle $12.5 million, confirmed Gus Aristizabal, consultant with Wainwright Investment Counsel, which advises the plan. The $693 million system's current emerging markets equity manager, which Mr. Aristizabal would not identify, is shutting down its fund; the emerging market debt mandate is new and will be funded by a general rebalancing. The board's current international fixed-income manager can rebid, Mr. Aristizabal said; he would not identify the manager but said the search is part of the board's periodic manager review. Wayne MacDonald, deputy director for the plan, was not available at press time for comment.
Proposals for the emerging markets RFPs are due 2 p.m. EST Nov. 1, while proposals for the international fixed income mandate are due 2 p.m. EST Nov. 3. The RFPs can be obtained on Wainwright's website at www.winvcounsel.com/rfp.html.