Falmouth (Mass.) Retirement System is looking to allocate up to 15% of the defined benefit plan's $165 million investment portfolio, or roughly $25 million, to an international developed markets equities strategy.
The actual amount to be allocated will be determined as a percentage of the portfolio.
Separate accounts will not be considered. Managers with opportunistic allocations to emerging markets and/or frontier markets are encouraged to respond to submit bids.
The pension fund's investment consultant, Wainwright Investment Counsel, is assisting with the search.
The RFP is available on Wainwright's website. Registration is required. Proposals are due by 2 p.m. EST on March 10. A selection date was not disclosed.
Francis St. Germaine, director of the retirement system, and Jeff Fabrizio, director of research at Wainwright, could not be immediately reached for further information.