Massachusetts Water Resources Authority Employees' Retirement System, Chelsea, is looking to allocate up to $30 million to an emerging markets equities manager through either a commingled or mutual fund.
Separate accounts, hedge funds and emerging market small-cap and frontier market funds will not be considered.
The search is being conducted because the plan's current emerging markets manager, LMCG Investments, is terminating the LMCG Emerging Markets Collective Fund, said Carolyn Russo, executive director of the retirement system.
NEPC, investment consultant to the $575 million defined benefit plan, is assisting with the search.
The RFP is scheduled to be available on NEPC's website. Proposals are due by 4 p.m. EDT on Sept. 25. Ms. Russo said she expects the search process to unfold over the next several months.
