The Boston Retirement System (the “System”) is seeking proposals from investment management firms to manage a developed international equity mandate for the System's $8.2 billion defined benefit pension fund. The System’s has a 13% target allocation to developed international equity, which is currently invested across three strategies. Current managers are encouraged to submit proposals. To qualify for this search, candidates must meet the following criteria: – Have familiarity with and agree to comply with Massachusetts General Laws, Chapter 32 and Chapter 176 of the Acts of 2011. Additionally, candidates must have familiarity with and agree to comply with the reporting and investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). – Maintain active registration with the U.S. Securities and Exchange Commission. – The proposed strategy must be actively managed and focused exclusively on developed international equity. Small cap and emerging markets strategies will not be considered. Strategies with limited emerging markets (not exceeding a 5% average) will be considered. – The proposed strategy must have a minimum three-year track record and at least $400 million in assets.
