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The City of Medford Retirement Board- Emerging Market Debt Blended Search

Posted on: May 2, 2019

The City of Medford Retirement Board is soliciting proposals from investment management firms to manage an Emerging Markets Debt Blended Currency mandate for the System's $190 million, defined benefit pension fund. The System will place up to $8 million with the new emerging markets debt – blended currency manager.  Investment managers selected must have familiarity with and agree to comply with Massachusetts G.L. Chapter 32 and Chapter 176 of the Acts of 2011 and all applicable investment guidelines administered by PERAC, including the restriction on investing in tobacco-related companies.  In order to be considered, each firm’s emerging markets debt – blended currency product must meet the following minimum criteria: 1) The strategy must have assets under management of at least $500 million, 2) Minimum track record of at least five years, 3) The product vehicle must be a pooled investment vehicle (mutual or commingled fund).  

If you are interested in participating in the search, please complete the attached form in Appendix I and update eVestment through 1Q 2019 at www.evestment.com.  In addition, please provide NEPC with the following information:

  1. A cover letter indicating your firm’s interest in the search.  Please include the vehicle you are proposing for this search and the fee schedule you are proposing for this mandate.
  2. An email copy of all eVestment information at the firm and product level for the proposed strategy.  Please clearly indicate the product type category in which you classify your product.
  3. Completion of the following PERAC forms: vendor certification, placement agent statement, disclosure of conflict of interest, disclosure of compensation received, and disclosure of compensation paid.

All proposals must be submitted via email to Alex Cohen at ACohen@nepc.com by 4:00 pm (EDT) on Wednesday May 15, 2019.  No proposals will be accepted after this deadline.  (All data should be updated through March 31, 2019.)   The subject line of your e-mail should also include reference to City of Medford Retirement Board.

Search Notice

Cover Letter

PERAC Forms

Vendor Certification Form

Placement Agent Form

Vendor Contact Information

Vendor Disclosures

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