MassPRIM To Issue RFPs, Searching for Consultant

Feb 10 2006 | 10:28pm ET

The $40 billion Massachusetts Pension Reserves Investment Management Board will likely issue an RFP in April for portable alpha managers as a result of a new asset allocation. Mike Travaglini, executive director, said the board has approved a maiden investment into portable alpha of up to $2 billion. Funding for the portable alpha allocation will come from a portfolio rebalancing.

Separately, the board has issued an RFP for a hedge fund consultant. The contract of incumbent New England Pension Consultants expires in April, though the firm was asked to rebid.     

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