Haverhill (Mass.) Retirement System is searching for an opportunistic/value-added real estate manager to run up to $6 million.
Wainwright Investment Counsel, investment consultant to the $180 million pension fund, is assisting with the search.
While the pension fund has a 10.2% allocation to real estate, it doesn’t have any opportunistic/value-added real estate investments, said Sheryl Trezise, retirement system administrator. Funding will come from rebalancing the investment portfolio.
The RFP can be found on Wainwright's website. Proposals are due by 2 p.m. EDT on Sept. 9. A selection is expected to be made before the end of the year.