Boston Water and Sewer Commission is looking to allocate $7 million to an emerging markets blended debt strategy on behalf of its $130 million defined benefit plan, $6 million to a passive S&P 500 index strategy on behalf of its $31 million other post-employment benefit trust and $3 million to a passive U.S. TIPS index strategy for its OPEB trust.
NEPC, investment consultant to the commission, is assisting with the searches.
These are new allocations for the plans, confirmed Scott Driscoll, consultant at NEPC, in an email.
All three strategies must have at least $500 million in assets under management and be in a mutual or commingled fund to be considered.
The emerging markets blended debt strategy must have at least a three-year track record to be considered. The passive strategies must have minimum track records of five years.
The RFQs are available on NEPC's website. Proposals are due 4 p.m. EDT March 24. Selection dates have yet to be determined, Mr. Driscoll said.