Woburn (Mass.) Retirement System has issued a number of RFPs seeking investment managers for its $153 million investment portfolio. It is also seeking an investment consultant.
The pension fund has issued RFPs for the following investment mandates:
• An active or passive U.S. investment-grade fixed-income manager to run up to 10% of the plan's investment portfolio, or roughly $15 million, in a separate account or commingled vehicle.
• A passive U.S. large-cap equity manager to run up to 9% of the portfolio (roughly $14 million) in a commingled vehicle.
• An active natural resources investment manager to run up to 5% (roughly $8 million) in a commingled vehicle.
• An active or passive high-yield fixed-income manager to run up to 5% (roughly $8 million) in a separate account or commingled vehicle.
• A passive U.S. Treasury inflation-protected securities manager to run up to 2% (roughly $3 million) in a passive commingled vehicle.
The actual amounts to be allocated will be determined as a percentage of the portfolio. Wainwright Investment Counsel, investment consultant to the pension fund, is assisting with the searches.
The RFPs for the investment managers are available on Wainwright's website. Proposals are due by 2 p.m. EST on Dec. 19. Selection dates were not disclosed.
The pension fund is also seeking an investment consultant. It could not be learned whether Wainwright can or will be rebidding.
A copy of the investment consultant RFP can be obtained by contacting Maureen Marcucci, retirement administrator, via email. Proposals for the consultant search are due 10 a.m. EST on Dec. 17. A selection date was not disclosed.
Neither Ms. Marcucci nor Jeff Fabrizio, Wainwright's director of research, could be reached for comment.
