Massachusetts Pension Reserves Investment Management Board, Boston, is seeking a provider of hedge fund advisory services and/or hedge fund managed account platform services, according to an RFP on the $57.9 billion pension plan’s website.
Firms wishing to offer hedge fund advisory must already provide such services to existing clients with hedge fund assets totaling at least $2 billion as of Dec. 31. Companies looking to provide hedge fund managed account platform services must offer such services to existing clients whose assets total at least $750 million as of Dec. 31.
Proposals are due no later than 3 p.m. EST on Feb. 24. A selection is tentatively expected to be made at MassPRIM’s June 17 meeting, according to the RFP.