Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is searching for an investment manager to run up to $16 million in a passive Treasury inflation-protected securities index fund.
This is a new allocation. Funding will come from reallocation, said Executive Director Carolyn Russo in an e-mail.
Actively managed and nominal Treasury index strategies will not be considered.
NEPC, investment consultant for the $442 million defined benefit fund, is assisting with the search.
The RFP is available on NEPC’s website. Proposals are due by 4 p.m. EDT on April 15. A selection date was not disclosed.