Cambridge (Mass.) Retirement System is looking to allocate $35 million to bank loans and $10 million to an open-end infrastructure fund.
Segal Marco Advisors, investment consultant to the $1.4 billion pension fund, is assisting with the searches.
The RFPs are available on Segal Marco Advisors' website. Proposals for both searches are due by 3 p.m. EST March 7. Selection dates were not disclosed.
As of Sept. 30, the actual asset allocation of the plan was 30% domestic equities, 10% real estate, 9.5% core fixed income, 9.1% emerging market equities, 8.9% international equities, 7.7% hedge funds, 5.5% private equity, 4.9% high-yield fixed income, 4.6% international fixed income, 2.7% infrastructure, 2.6% emerging markets debt, 2.5% other, 1.9% timber and the rest in cash, according to a financial report on the pension fund's website.
Ellen K. Philbin, executive director of the pension fund, and Carol Loi, investment consultant at Segal Marco Advisors, could not be reached for additional comment.
