Massachusetts Water Resource Authority Employees' Retirement System, Chelsea, is searching for an investment consultant.
The $647 million pension fund issued an RFP because current consultant NEPC has reached the statutory contract limit, said Carolyn Russo, executive director. The firm is eligible to rebid, she said.
As of Sept. 30, the pension fund's actual allocation was 30.4% domestic equities, 20.8% fixed income, 14.5% private equity/debt, 10.4% each international equities and real estate, 6.3% hedge funds. 5.7% emerging markets equities, 1% other and the rest in balanced,
The target allocation is 31% domestic equities, 20% fixed income, 12% each international equities, private equity/debt and real estate, 7% emerging markets equities and 6% hedge funds.
The RFP can be obtained by emailing Russo. Proposals are due at 2 p.m. EST on Dec. 1. A timeline has yet to be determined.