Massachusetts Water Resource Authority Employees' Retirement System, Chelsea, is searching for active large-cap managers to run about $40 million and also for passive domestic large-cap equity managers to run about $25 million for the system's $450 million defined benefit plan.
NEPC, investment consultant for the system, is assisting with the search.
For the active large-cap allocation, long-only, concentrated domestic large-cap strategies will be considered. The proposed strategy must have at least $750 million and must not hold more than 75 securities.
Candidates for the passive portfolio must be offering an S&P 500 index strategy and must be a commingled fund or trust with at least $500 million to be considered.
The RFPs are available on NEPC's website. Proposals for both allocations are due at 4 p.m. EDT on Aug. 14. A selection date was not disclosed.
Further information could not be learned by press time. Julie McManus, retirement coordinator for the pension plan, and NEPC analysts Stephanie McMurray and Taylor Furlong could not be reached.
