Boston Retirement System is searching for active U.S. large-cap equity managers to run a total of $830 million for the system's $4.9 billion defined benefit plan.
NEPC, the plan's investment consultant, is assisting with the search.
The system's current large-cap equity managers — which are RhumbLine Advisers, D.E. Shaw Investment Management, J.P. Morgan Asset Management (JPM), Columbia Threadneedle Investments, Zevenbergen Capital Investments and Intech Investment Management, according to system documents — are encouraged to submit bids.
Strategies must have a track record of at least five years and at least $400 million in the strategy to be considered.
The RFP is available on NEPC's website. Proposals are due 3 p.m. EDT April 30. A selection date was not disclosed.
John Kelly, the pension fund's investment analyst, and Kiley Fischer, an analyst at NEPC, could not be immediately reached for comment.