Advertised Searches

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 will be considered.
• The proposed strategy must have a minimum three-year track record and at least $400 million in assets.

Submission Instructions and Deadline

All interested firms must update their information on eVestment through Q3 2025 at www.evestment.com. In addition, please provide NEPC with the following materials:

1. A completed copy of the Strategy Information excel file
2. An email copy of all eVestment information (firm and product level for the proposed strategy)
3. Completed PERAC Forms (four documents)

Proposals must be submitted to [email protected] 5:00pm ET on January 13, 2026.

Late or incomplete proposals will not be considered. All questions should be directed to the designated email address (no phone calls please).

Boston Retirement System is bound by both Massachusetts Open Meeting Law and the Massachusetts Public Records Law.  All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Records Law.

Any response that does not comply with the enclosed instructions will be rejected. The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the System. Thank you in advance for your participation in this search.

Attachments:

• Search Notice
• Strategy Information

Attachments: PERAC Forms:

• Placement Agent Form
• Vendor Certification Form
• Vendor Contact Information
• Vendor Disclosures