Searches and Hires

Massachusetts Port Authority plan casts net for international equity managers

Massachusetts Port Authority Employees' Retirement System, East Boston, is searching for an international equity managers to run about $100 million total.

Wilshire Associates, investment consultant for the $639 million pension fund, is assisting with the search. The current managers could not be learned by press time.

Proposed strategies must be benchmarked to the MSCI ACWI ex-U.S. index in order to be considered, according to the RFP. Commingled funds and separately managed accounts will both be considered.

Managers submitting bids must have at least $50 billion in total assets under management, at least $3 billion in total strategy assets and have a minimum performance track record of five year as of Dec. 31.

The RFP is available on the pension fund's website. Registration is required.

Proposals are due by 4 p.m. EDT June 1. Finalists are expected to make their presentations to the board on July 17.

Further information could not be learned by press time; Irene E. Moran, MPAERS retirement director, and Stephen DiGirolamo, vice president and consultant at Wilshire, could not be immediately reached for comment.