The New Bedford Retirement Board is conducting a $110 million search for a Global Multi Sector/Unconstrained Fixed Income ("Proposed Product") Commingled/CIT strategy with a predominate allocation to U.S. (separate accounts and mutual funds will not be considered). The Board currently has an allocation to a multi-sector fixed income manager and the search is being conducted per M.G.L Ch. 32, which requires the Board to re-evaluate its existing managers on a periodic basis (required every 7 years).
Contracts will be awarded under terms set by the Board and the successful respondent(s) in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion or to select more than one manager and to determine the amount of assets each will manage.
Proposal must be received prior to 1:00 p.m. EST on January 8, 2025. Proposals will not be accepted after the closing date and time.. Please direct questions via email only to bostonrfp@segalmarco.com.
New Bedford Retirement Board RFP (Word Doc)The New Bedford Retirement Board (“Board”) is conducting a search for an open-end Timber Fund and/or an open-end Timber and Farmland Fund, excluding publicly traded REIT Funds. The mandate will be approximately $16 million. The Board currently has a global timber and farmland fund and the search is being conducted per M.G.L Ch. 32, which requires the Board to re-evaluate its existing managers on a periodic basis (required every 7 years).
Contracts will be awarded under terms set by the Board and the successful respondent(s) in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion or to select more than one manager and to determine the amount of assets each will manage.
Proposal must be received prior to 1:00 p.m. EST on January 20, 2025. Proposals will not be accepted after the closing date and time. Please direct questions via email only to bostonrfp@segalmarco.com.
New Bedford Open End Timber & Farmland RFP Jan 2025(Word Doc)Don't miss out. Join 16,000 others who already get the latest insights from Segal and Segal Marco Advisors.
