Two pension funds seek core real estate managers
Two Massachusetts city pension funds are planning to invest in open-end core real estate funds. The Cambridge (Mass.) Retirement Board and the New Bedford (Mass.) Retirement Board are seeking core open-end real estate managers for mandates of $80 million and $20 million, respectively.
Segal Rogerscasey, investment consultant to both pension funds, is assisting with the searches. The RFPs are available on Segal Rogerscasey’s website.
BlackRock and UBS Global Asset Management, New Bedford’s current managers, are invited to rebid.
Proposals are due Oct. 19 for Cambridge and Oct. 26 for New Bedford