Cambridge (Mass.) Contributory Retirement System is searching for an international fixed-income manager to run approximately $55 million.
The allocation will be for a commingled fund only.
Todd Kohlhepp, a spokesman for Segal Rogerscasey, investment consultant to the $1.1 billion pension fund, said the search is being conducted because the pension fund’s contract with its current manager is set to expire later this year. Although Mr. Kohlhepp did not know the name of the incumbent at press time, he said it is invited to rebid.
Cambridge Retirement’s website lists Brandywine Global Investment Management as the only international bond manager as of March 31.
The RFP is available on Segal Rogerscasey’s website. Proposals are due at 3 p.m. EDT on Aug. 24. A selection date was not disclosed.
Ellen K. Philbin, executive director of the pension fund, could not be reached by press time.