Medford (Mass.) Contributory Retirement System is searching for a core fixed-income manager to run $19.5 million, said Scott Driscoll, consultant at NEPC, the $191 million pension fund's investment consultant, in an email.
The pension fund issued an RFP due to a mandatory rebidding process as mandated by the Massachusetts Public Employee Retirement Administration Commission. Mr. Driscoll said the incumbent is invited to rebid. He would not name the incumbent firm.
The RFP is available on NEPC's website. Proposals are due at 4 p.m. EST on Dec. 8. A timeline for a decision has yet to be determined.