Brockton (Mass.) Contributory Retirement System soon will search for an active emerging markets equity manager to run $3 million to $5 million, said Harold Hanna, executive director of the $333 million pension fund.
Mr. Hanna said investment consultant NEPC will conduct the search to get the retirement system closer to its target allocation to emerging markets equities.
An RFP should be posted on NEPC's website, as well as the website of the Massachusetts Public Employee Retirement Administration Commission, by the end of the month.
Separately, the pension fund rehired State Street Corp. as global custodian, Mr. Hanna said. Comerica Bank was the other finalist.
The pension fund had issued an RFP in November because of PERAC requirements that contracts be put out to bid at least once every five years.