Boston Retirement System is seeking proposals from core fixed-income managers to run $950 million on behalf of the plan and from core emerging markets equities managers to run about $115 million.
NEPC, investment consultant for the $6.2 billion defined benefit plan, is assisting with the searches.
The fixed-income search will be split into two categories: traditional core fixed income and core fixed income/U.S. TIPS strategies.
Wells Fargo Asset Management, BlackRock and Income Research & Management are the system's current core fixed-income managers, documents on the plan's website show. Current managers are encouraged to submit bids. The board may select more than one manager.
Emerging markets equities strategies must have a three-year track record and assets of at least $500 million to be considered. Direct investment funds and fund-of-funds will be considered, as will long-only and long/short strategies.
Vontobel, Polunin, State Street Global Advisors and Lazard Asset Management are the plan's listed emerging markets equities managers. Details about whether the search is replacing any of these mandates or if the board is seeking an additional manager were not immediately available.
The RFPs are available on NEPC's website. Proposals for the emerging markets search are due 2 p.m. EDT May 20; proposals for the fixed-income search are due 2 p.m. EDT on May 24. Selection dates were not disclosed.
John Kelly, investment analyst for the pension fund, could not be immediately reached for additional information.
