Watertown (Mass.) Contributory Retirement System decided to cancel its RFP for a distressed/opportunistic real estate investment fund. No reason was given.
The retirement board plans to discuss next steps at its Dec. 19 meeting, said Maura K. Goulart, director of client services at Fiduciary Investment Advisors, investment consultant to the $182 million defined benefit plan.
The RFP was originally issued in November so the board could evaluate options to complement its existing real estate exposure, said Richard A. Carey, associate research analyst at Fiduciary Investment Advisors, in an email at the time.