Boston Retirement System hired Aberdeen Standard Investments to manage $165 million in an emerging market debt-plus strategy, said meeting minutes from the $5 billion pension fund.
Funding will come from terminating the pension fund's position in Loomis Sayles & Co.'s emerging market debt strategy. Loomis Sayles spokeswoman Orla O'Brien declined to comment.
The RFP was issued in May. Loomis Sayles; Grantham, Mayo, Van Otterloo & Co.; Wellington Management and Manulife Asset Management were the other finalists who made presentations to the board.
Investment consultant NEPC assisted with the search.
John Kelly, the pension fund's investment analyst, and Jake Mallinson, an analyst at NEPC, could not be reached for additional information.
