Boston Retirement System is searching for at least one emerging market debt blended currency manager to run about $190 million for the $4.8 billion defined benefit plan.
NEPC, the system's investment consultant, is assisting with the search.
Loomis Sayles & Co. is the current emerging market debt manager, according to the system's annual investment performance report, and is invited to rebid.
Proposed strategies must have a three-year track record and have at least $400 million in assets within the strategy to be considered. Selected strategies will be benchmarked against a 50/50 allocation to J.P. Morgan's local currency emerging market index, the GBI-EM Global Diversified index, and J.P. Morgan's hard currency emerging market index, the EMBI Global index.
The RFP is available on NEPC's website. Proposals are due by 3 p.m. EDT on May 30. A selection date was not disclosed.
John Kelly, the pension fund's investment analyst, and Jake Mallinson, an analyst at NEPC, could not be immediately reached for comment.