Request for Proposals
Public Notice
Natick Contributory Retirement System
Request for Proposals
The Natick (MA) Contributory Retirement Board is seeking proposals from qualified firms to provide investment management services through either a Manager of Managers or Discretionary Services/Outsourced CIO platform. The System currently has approximately $174.5 million of its $254.5 million with such a program, with the remaining assets invested in various Massachusetts Pension Reserves Investment Trust (PRIT) and other strategies. The Board is considering making an allocation between $150 - $200 million. Please note that the Retirement Board is not seeking proposals for implemented investment consulting services.
All investments made by the Natick Contributory Retirement Board are subject to the provisions of the Massachusetts General Laws, Chapter 32, as amended by Chapter 176 of the Acts of 2011, and the rules and regulations of the Public Employees Retirement Administration Commission (PERAC), 840 CMR. The selected investment manager(s) must have familiarity and agree to comply with all applicable laws and PERAC regulations.
The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Retirement System.
The RFP is available up to the proposal deadline at www.fiducientadvisors.com/client-rfps
Proposal deadline is Friday January 10th, 2025 at 4:00 PM EDT. Late proposals will not be accepted.
| Date published: | December 5, 2024 |
|---|