Bristol County Retirement System, Taunton, Mass., is searching for a real estate investment manager to run about $12 million in an open-end core real estate fund.
The $600 million pension fund is conducting the search to comply with state law requiring contracts go out to rebid every few years, said Roxanne L. Donovan, executive director of the pension fund. DWS Group is the incumbent manager and is invited to rebid.
The retirement system's real estate allocation was 8.4% as of Dec. 31, 2016.
Segal Marco Advisors, the pension fund's investment consultant, is assisting with the search.
The RFP is available on Segal Marco Advisors' website. Proposals are due 3 p.m. EDT on May 9. A selection date was not disclosed. Ms. Donovan said she expects a decision to be made by August.