Boston Water and Sewer Commission is searching for an international equity manager to run up to $25 million for its $120 million defined benefit fund.
The commission is seeking a "global equity ex-U.S. manager" that has a strategy with a minimum assets under management of $750 million and a minimum track record of seven years, according to a request for qualifications posted on the website of NEPC, the commission's investment consultant.
Whether this is a new allocation or a potential replacement manager could not be immediately learned.
The RFQ is available on NEPC's website. Responses are at 4 p.m. EDT on March 27. A timeline for a decision was not provided.
Alexander Cohen, NEPC research associate, could not be immediately reached for further information.