Boston Water and Sewer Commission is searching for an active international equity manager to run up to $25 million and a passive domestic large-cap value equity manager to run up to $7 million for its $123 million defined benefit plan.
The commission has issued two requests for qualifications for the portfolios, both available on the website of investment consultant NEPC, which is assisting with the searches.
For the international equity search, the commission is seeking a manager that offers a strategy with at least $750 million in assets under management and a track record of at least seven years.
For the passive domestic large-cap value equity search, the commission is specifically seeking a firm that offers a Russell 1000 Value index fund that has at least $500 million in AUM and a track record of at least five years.
Neither RFQ discloses the name of any current managers or eligibility to rebid for the services.
The international equity RFQ and passive domestic equity RFQ are available on NEPC's website. Responses for both searches are due at 4 p.m. EST on Feb. 24. A timeline for a selection was not provided.
Henry F. Vitale, the commission's executive director, could not be immediately reached for further information.