Massachusetts Deferred Compensation SMART Plan, Boston, is searching for one or more real-return money managers, said a request for responses posted on the state's procurement website.
The $7.3 billion 457 plan currently has the PIMCO All Asset Fund, managed by Pacific Investment Management Co., listed as the SMART Real Return Fund. Whether PIMCO can rebid could not be learned by press time.
The RFR is available the state's procurement website, Commbuys. Proposals are due at 4 p.m. EDT on June 7. A timeline for a decision has yet to be determined.
Chandra Allard, spokeswoman for the state treasurer's office, could not be immediately reached for additional information.