Norwood (Mass.) Contributory Retirement System reissued an RFP for an active emerging markets equity manager to run $5 million, according a posting on Meketa Investment Group's website, consultant for the $111 million system.
The manager selected is expected to achieve a competitive return by consistently exceeding the return the MSCI Emerging Markets index, net of management fees, according to the RFP.
Norwood originally issued an RFP for an emerging markets equity manager in November, with a deadline for proposals of Dec. 15. Ed Omata, vice president/assistant director of public markets manager research at Meketa, and Debra Lorenzo, administrator of the retirement system, did not return calls by press time for comment on why the RFP was reissued.
Ms. Lorenzo previously told P&I Daily that it is a new allocation and will be funded through rebalancing.
The RFP is available on Meketa's website. Proposals are due by noon EST on March 8. A timetable for finalist presentations and a selection has not been determined.