Cambridge (Mass.) Retirement System is searching for an active emerging markets equity manager to run about $70 million and an active international core equity manager to run about $50 million.
The $1.8 billion pension fund is seeking commingled funds only, according to two RFPs posted on the website of Segal Marco Advisors, the pension fund's investment consultant, which is assisting with the search.
The RFPs do not disclose the names of incumbent managers or whether they are invited to rebid.
According to the pension fund's most recent available investment report, RBC Global Asset Management ran $130 million in active international equities as of Dec. 31 for the pension fund, and abrdn and Lazard Asset Management ran $90 million and $41 million, respectively, in active emerging markets equities.
As of that same date, the overall actual allocations to international equities and emerging markets equities were 10% and 9.1%, respectively.
The emerging markets equity RFP and international equity RFP are both available on Segal Marco Advisors' website. Proposals for both searches are due at 3 p.m. EDT on April 25. Timelines for selections were not provided.
Ellen K. Philbin, executive director, could not be immediately reached for further information.
