State-Boston Retirement System reissued an RFP for a hedge fund-of-funds manager to run about $60 million, according to the Massachusetts Public Employee Retirement Administration Commission website.
Proposals are due at 3 p.m. EST Dec. 30. The RFP is available at the pension fund's website.
Funding came from the termination of fund-of-funds manager Arden Asset Management from a $55 million portfolio in March due to personnel changes and concerns over whether the manager had “kept true to their investment process over time,” according to officials at NEPC, the system's investment consultant.
Efforts to reach Daniel J. Greene, State-Boston executive officer, were unsuccessful by press time.