State-Boston Retirement System issued an RFP for up to two money managers to run up to $110 million in a new risk-parity mandate.
Managers must have a three-year track record, have more than $1 billion in assets under management, run the money in either a commingled fund or a mutual fund, and have no more than 50% of its assets managed for Massachusetts public funds, according to an announcement on the website of the Massachusetts Public Employee Retirement Administration Commission.
The RFP is on the website of investment consultant NEPC. Proposals are due at 1 p.m. EDT June 6.
Neither Daniel J. Greene, executive officer of the $3.6 billion pension fund, nor officials at NEPC could be reached for further details.
