Cambridge (Mass.) Retirement System is searching for active domestic core fixed-income managers to run a total of $220 million.
The $2 billion pension fund is conducting the search to comply with the Massachusetts Public Employee Retirement Administration Commission’s requirement that services must be put up for bid every seven years, according to an RFP posted on the website of investment consultant Segal Marco Advisors, which is assisting with the search.
As of Sept. 30, Fidelity Institutional Asset Management, Garcia Hamilton & Associates and Income Research & Management each ran about $74 million in active domestic core fixed income for the pension fund, according to its most recent investment report. The RFP does not disclose whether the firms are invited to rebid.
The RFP is available on Segal Marco Advisors’ website. Proposals are due by 1 p.m. EDT on April 28. A timeline for selections was not provided.
Chris Burns, the pension fund’s executive director, could not be immediately reached for further information.
