Ohio Public Employees Retirement System, Columbus, is searching for four to five active extension domestic equity managers to run $50 million to $100 million each, according to an RFP posted on the $65.7 billion system's website. Initial screening for the search will be conducted using eVestment Alliance and Mercer's global investment manager database. Interested parties should update their information as of June 30 and send an email to [email protected] by Aug. 12.
Brookline (Mass.) Contributory Retirement System is searching for two to three managers to run a combined $27 million in active global asset allocation. This is a new investment for the $180 million system. The system will not consider proposals from global macro hedge funds, hedge funds of funds or balanced funds with static asset allocations and various lifecycle funds, according to the RFP. NEPC, the fund's investment consultant, is assisting. Requests for the RFP and responses should be sent to NEPC, 1 Main St., Cambridge, MA 02142 or by e-mail to Rosann Morello, assistant research analyst, at [email protected] The RFP is posted on the website of the Massachusetts Public Employee Retirement Administration Commission, http://www.mass.gov/perac/new.htm. Proposals are due by 4 p.m. EDT Aug. 27.
State-Boston Retirement System is searching for a real estate manager to run up to $40 million. “The strategic area of focus for this search is opportunistic real estate with a preference for distressed-focused funds, debt-focused funds, secondaries funds, and/or internationally focused funds,” according to the posting. Kristin Reynolds, a senior consultant with NEPC, the $3.1 billion system's consultant, said in a telephone interview that the system has a target allocation of about 10% in real estate and is under the target by about 1.5 percentage points. Funding will come from rebalancing and would not result in terminations, she said. The RFP is posted on the website of the Massachusetts Public Employee Retirement Administration Commission, http://www.mass.gov/perac/new.htm. Proposals are due by 4 p.m. EDT Sept. 1. Questions can be directed to Ms. Reynolds, at [email protected]
Massachusetts Water Resources Authority Employees' Retirement System, Chelsea, is searching for a real estate manager to run up to $4 million in distressed and/or opportunistic real estate, confirmed Ruth O'Meara, director of retirement. The $250 million plan wants a manager specializing in distressed-focused, debt-focused, secondaries and internationally focused funds. Core and core-plus funds and open-end funds will not be considered, according to information posted on the website of the Massachusetts Public Employee Retirement Administration Commission. Consultant NEPC is assisting. he RFP is available at http://www.mass.gov/perac/new.htm. Proposals are due by 4 p.m. EDT, Sept. 1.
London Borough of Redbridge Pension Fund, Ilford, England, is searching for equity managers to run a combined £155 million ($247 million), said Hilary Taylor, principal financial officer for the £400 million fund. A passive global equity manager is needed to run £125 million, while active emerging markets and Asia-Pacific equity managers are sought to run £16 million and £14 million, respectively. All of the mandates will be funded by assets formerly run in a £155 million active global equity mandate by AXA Rosenberg, which was terminated in September after fund officials decided to move most of the assets to passive management. Investment consultant JLT Benefit Solutions is assisting with the active searches. Proposals for both the active and passive searches are due Sept. 7. Further information is available from Ms. Taylor at [email protected]
Royal County of Berkshire Pension Fund, Maidenhead, England, issued an RFP for a global custodian, according to a notice published on the European procurement platform Tenders Electronic Daily. Proposals are due Sept. 20. Further information can be obtained from adviser Mercer Sentinel Group.
New Mexico Public Employees Retirement Association, Santa Fe, plans to launch an RFP in mid-August for a manager to run either a global or a core-plus fixed-income portfolio of $200 million to $450 million in assets, said Joelle Mevi, chief investment officer at the $10.6 billion association. Part of the funding would come from the domestic equity portfolio with the remainder from reducing a $1.1 billion BlackRock active core fixed-income portfolio, she said. General consultant R.V. Kuhns is assisting. The RFP will be posted on the association's website at www.pera.state.nm.us.