Massachusetts Water Resource Authority Employees' Retirement System, Chelsea, rehired NEPC as investment consultant.
The $647 million pension fund's board approved the hiring at its Feb. 7 meeting, said Carolyn Russo, executive director.
The pension fund had issued an RFP in October because NEPC had reached its statutory contract limited, said Russo at the time.
The other finalists were Dahab Associates, Meketa Investment Group and Verus Advisory.
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.
