Cambridge (Mass.) Retirement System is searching for passive equity managers to run four portfolios totaling $525 million, according to an RFP posted on the website of Segal Marco Advisors, the $1.3 billion pension fund's investment consultant.
The pension fund issued an RFP seeking managers to run $260 million in domestic large-cap equities, $130 million in domestic small-cap equities, $75 million in international equities and $60 million in emerging markets equities.
According to a March 31 investment report, as of that date the pension fund's passive managers were RhumbLine Advisers, which managed $128 million and $121 million in domestic large-cap growth and value equities, respectively, and State Street Global Advisors, which ran $94 million in international equities, $74 million in domestic smidcap growth equities and $18 million in domestic large-cap equities.
Whether the firms are eligible to rebid could not be immediately learned.
The RFP is available on Segal Marco's website. Proposals are due at 3 p.m. EDT on Oct. 29. A timeline for a decision was not provided.
Ellen K. Philbin, executive director of the pension fund, could not be immediately reached for comment by press time.