The Massachusetts Pension Reserves Investment Management Board, Boston, is searching for at least one manager to add to the $44 billion system's economically targeted investment management services program, confirmed Michael Travaglini, executive director. The ETI program currently has $170 million in commitments to funds that will spur economic development within the state, Mr. Travaglini said. Any managers selected would be added to the eight currently in the program. No managers will be terminated.
The board will accept and evaluate equity, fixed income, real estate and alternative investment proposals.
The RFP will be available on Dec. 15 on the PRIM board website at www.mapension.com or by e-mailing Laura Bastian, investment analyst, at [email protected] Proposals are due at 3 p.m. EST March 9. Plan officials hope to have selections in place by June.