Massachusetts Port Authority Employees' Retirement System, East Boston, is searching for investment managers to run four passive allocations, said RFPs on the system's website.
The $530 million system is looking to allocate approximately $117 million in passive domestic equity benchmarked to the Russell 1000 index; $72 million in passive international equity benchmarked to the MSCI ACWI ex-U.S. index; $51 million in passive domestic fixed income benchmarked to the Barclays Capital Aggregate index; and $16 million in passive domestic equity benchmarked to the Russell 2000 Growth index.
Wilshire Associates, MPAERS' investment consultant, is assisting with the searches.
Interested firms much have at least $50 billion in total assets, at least $3 billion in assets in the proposed strategy and a minimum five-year track record as of March 31.
The searches are being conducted because the system's contracts with the incumbent manager, State Street Global Advisors, are expiring, said Wilshire vice president Stephen DiGirolamo. SSgA is invited to rebid.
The RFPs are available on the system's website.
Proposals are due by 4 p.m. EDT on July 1. Selections are expected to be made by Aug. 1.