Somerville (Mass.) Retirement Board is looking for a firm to manage $62 million in fixed-income investments for the $295 million defined benefit plan.
Both commingled funds and separate accounts will be considered.
The search is being conducted to comply with state law requiring contracts to go out to bid every few years, said Michael Pasquariello, executive director of the retirement board. Loomis, Sayles & Co. is the current manager and is invited to rebid.
The RFP is available by requesting a copy from Mr. Pasquariello via email.
Proposals are due 4 p.m. EDT Sept. 24. The board intends to award a contract on or before Jan. 31.