Town of Braintree (Mass.) Contributory Retirement System is searching for an active emerging markets equity manager to run $9.5 million and an active emerging markets debt local currency manager to run $4 million, confirmed Jeanne Martineau, director of the $141 million pension fund.
Both strategies are new for the retirement system; funding will come from a reallocation not yet determined, said Ms. Martineau in a telephone interview
Interested managers should update their entries in the eVestment Alliance database through June 30.
Proposals are due at 4 p.m. EDT July 27. The timetable for a decision has not been determined.