Concord (Mass.) Contributory Retirement System is searching for an investment consultant.
The $229 million pension fund is seeking proposals from firms that can provide investment consulting services, including providing advice to the board regarding asset allocation, investment manager selection, oversight and risk management, according to an RFP on the website of the Massachusetts Public Employee Retirement Administration Commission.
The RFP does not disclose whether current consultant Fiducient Advisors is eligible to rebid. The firm was hired as the pension fund’s first investment consultant in 2017. PERAC requires municipal pension funds in Massachusetts to issue RFPs every seven years.
Linda Boucher, executive director, could not be immediately reached for further information.
The RFP is available on PERAC’s website. Proposals are due by 2 p.m. EST on Nov. 26. A selection will be made by the end of the year.