Hampshire County Retirement System, Northampton, Mass., is searching for managers to run up to $21 million in a blended global fixed income/emerging market debt allocation.
NEPC, investment consultant to the $262 million defined benefit fund, is assisting with the search.
Only mutual or commingled funds with at least $500 million in assets under management and a track record of at least five years will be considered.
The current managers are Colchester Global Investors, which runs a global bond fund, and Pacific Investment Management Co., which runs an emerging markets local currency bond fund, said John Lutz, NEPC research associate.
The search is being conducted because pension funds in Massachusetts are required to seek contract bids every five years. Colchester and PIMCO are invited to rebid.
The RFP is on NEPC’s website.
Proposals are due by 4 p.m. EDT on Aug. 3. A selection is expected to be made by Aug. 26.