Medford Retirement seeks emerging markets debt currency manager

Medford (Mass.) Contributory Retirement System is searching for an emerging markets debt blended currency manager to run up to $8 million.

NEPC, investment consultant to the $190 million defined benefit plan, is assisting with the search.

This would be a new allocation for the plan, said Scott Driscoll, consultant at NEPC. Funding for the allocation had not yet been determined, although Mr. Driscoll said he believes it will come from the pension fund's fixed-income portfolio.

The RFP is available on NEPC's website. Proposals are due at 4 p.m. EDT on May 15. A time frame for a selection has not yet been determined, Mr. Driscoll said.

Mark Minervini, retirement administrator, referred questions to NEPC.