Medford (Mass.) Contributory Retirement System issued an RFP for managers to run a $50 million global asset allocation mandate for the $174 million defined benefit fund.
Only managers with at least $500 million in global asset allocation assets under management and a track record of at least three years will be considered. The plan will consider only pooled investment vehicles, such as mutual or commingled funds.
Investment consultant NEPC is assisting with the search.
The RFP is available on NEPC's website. Proposals are due by 4 p.m. EDT March 13.
Further information was not immediately available. Rosann Morello, NEPC manager search supervisor, declined to comment beyond what is in the RFP. Tina Rapatano, plan administrator, could not be reached.