Brockton (Mass.) Contributory Retirement System is searching for an international fixed-income manager to run about $20 million, confirmed Harold P. Hanna, the executive director of the $328 million system.
Applicants should offer a mutual or commingled fund vehicle and be willing to abide by restrictions from the Massachusetts Public Employee Retirement Administration Commission concerning investments related to South Africa, Northern Ireland and tobacco, according to the RFP.
In a telephone interview, Mr. Hanna said Brockton has been satisfied with Mondrian Investment Partners, the portfolio’s current manager, but the nature of Mondrian’s fund vehicle may not permit the firm to meet PERAC-related restrictions for Brockton. David Tilles, executive chairman of London-based Mondrian, couldn’t immediately be reached for comment.
The RFP is posted on PERAC’s website, http://www.mass.gov/perac/.
Mr. Hanna said selections would be made by late April.