Searches and Hires

Massachusetts Housing Finance Agency looks for high-yield fixed income

Massachusetts Housing Finance Agency Retirement System, Boston, is searching for a high-yield fixed-income manager to run about $10 million.

Meketa Investment Group, investment consultant for the $147 million defined benefit fund, is assisting with the search.

Responding firms must have been in operation for at least five years and have more than $1 billion equity capital invested to be considered.

Columbia Threadneedle Investments is the system's current high-yield manager, documents on the system's website show. It could not be learned if it is invited to submit a bid.

The board has a policy range of 3% to 9% for high-yield fixed income.

The RFP is available on Meketa Investment Group's website. Proposals are due 3 p.m. EST Nov. 23. A selection date was not disclosed.

Joseph M. Petty, executive secretary, and Stephen MacLellan, Meketa vice president, could not be immediately reached for additional information.