Weymouth Retirement scouting for real estate manager

Weymouth (Mass.) Retirement System is searching for opportunistic and value-added real estate funds to which it plans to commit a total of up to $10 million.

The $200 million pension fund issued an RFP for at least one manager to remain in compliance with its asset allocation targets, said Edward J. Masterson, retirement system director.

The pension fund will consider both open-end and closed-end funds, but will not consider proposals regarding core or core-plus funds, according to an RFP posted on the website of Fiduciary Investment Advisors, the pension fund’s investment consultant.

The RFP is available on FIA’s website. Proposals are due at 4 p.m. EDT on Aug. 19. A timeline for a decision has yet to be determined.

Fiduciary Investment Advisors is assisting.

Source: https://www.pionline.com/searches-and-hires/weymouth-retirement-scouting-real-estate-manager