Mass. Plan Issue RFP For Hedge Fund Advisor

Jan 8 2007 | 9:47pm ET

Politicians and government officials in Massachusetts, including Secretary of State William Galvin, are continuing to eye hedge funds with suspicion, but that isn’t stopping some of the Bay State’s numerous pension plans from perusing the controversial asset class.

On Friday, the Middlesex Retirement Board issued an RFP for an alternative investment consultant. The consultant will oversee the $700 million plan’s investments in alternative investments, which already total $60 million.

The RFP, which asks for a firm’s history and goals, among other details, is due on Jan. 26.

View the plan’s RFP.

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