The Board Members of the Norwood Retirement System (hereinafter “Board”) are seeking proposals from large capitalization international developed growth equities managers. The Board intends to invest approximately $13.8 million.
Only proposals for experienced managers of international developed growth equities strategies will be considered. Respondents must have been in operation for at least three years and have total assets under management exceeding $1 billion. The objective of this Request for Proposal shall be to identify that manager whose expertise will best meet the Board’s goals and needs. The Board reserves the right to reject any and all proposals at its discretion.
The selected manager(s) must have familiarity with, and agree to comply with Massachusetts General Laws, Chapter 32 and Chapter 176 of the Acts of 2011, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the PERAC Placement Agent Policy. Please see http://www.mass.gov/perac/ for details. All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC).
Due date deadline: February 3, 2021 at 12:00pm EST