Massachusetts Water Resource Authority Retirement System is launching a search for a passive domestic large-cap equity manager to run up to $60 million.
The $650 million pension fund is issuing an RFP due to the requirement of the Massachusetts Public Employee Retirement Administration Commission to put services up for bid every seven years, said Carolyn Russo, executive director, in an email.
Current manager RhumbLine Advisers is invited to rebid, she said.
NEPC is the pension fund's investment consultant and is is assisting with the search. The RFP will be posted imminently on the firm's website. Proposals will be due at 5 p.m. EDT on Oct. 17. A timeline for a selection has yet to be determined.
