Norwood (Mass.) Contributory Retirement System issued an RFP for a local currency emerging markets debt manager to run $6 million, according to a posting on the website of Meketa Investment Group, the $118 million pension fund's investment consultant.
Proposals must be for a U.S.-domiciled commingled or mutual fund, according to the RFP.
Funding will come from rebalancing, sad Judith MacLellan, the pension fund's administrative assistant. No managers are being terminated.
The RFP is available on Meketa's website. Proposals are due at 4 p.m. EDT Aug. 1.
A selection date has not been set.