Searches and Hires

Worcester Retirement hunting for bank loan strategy

Worcester (Mass.) Retirement System is looking to commit about $11 million to a bank loans strategy.

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

Meketa Investment Group, investment consultant to the $847 million pension fund, is assisting with the search.

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

Further information could not be learned; Elizabeth A. Early, the pension fund's executive secretary, and David Hetzer and Steve MacLellan, vice presidents at Meketa, could not be immediately reached for additional comment.