Worcester (Mass.) Retirement System is searching for an investment manager to run about $65 million in a global tactical asset allocation portfolio, said an RFP on the website of Meketa Investment Group, investment consultant for the $717 million pension fund.
Firms interested in bidding must manage a GTAA strategy with total capital exceeding $150 million and have $300 million in assets under management. Proposals must be for U.S.-domiciled commingled funds, mutual funds or separate accounts, the RFP said.
A funding source could not be learned by press time.
The RFP is available on Meketa’s website. Proposals are due 4 p.m. EST Nov. 12. A selection date could not be learned.
Ed Omata, Meketa’s assistant director of public markets manager research; Steve MacLellan, investment analyst at Meketa; and Elizabeth Early, executive secretary for the pension fund, could not be reached for comment by press time.