Massachusetts Water Resources Authority Retirement System, Chelsea, is searching for a multisector and specialty lending fixed-income manager to run up to $40 million.
NEPC, investment consultant to the $525 million pension fund, is assisting with the search.
Only long-only, multisector fixed-income or specialty lending strategies will be considered. Absolute return, core bond, core-plus, hedge fund and index fund strategies will not be considered.
The search is being conducted to comply with state law, said Lebo McCallum, analyst at NEPC. Loomis Sayles & Co. is the incumbent manager and is invited to rebid.
The RFP is available on NEPC's website. Proposals are due by 4 p.m. EDT March 29. A selection is expected to be made sometime in May, Mr. McCallum said.