Notice of RFP for Investment Manager
Description
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Bid Title:
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Notice of RFP for Investment Manager
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Category:
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Bids and Request for Proposals (RFPs and IFB)
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Status:
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Open
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Description:
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The Malden Retirement Board (MRB) seeks proposals from qualified investment managers for the Malden Contributory Retirement System’s entire balanced portfolio. The total market value of the portfolio was approximately $411 million as of September 30, 2025. The selected firm will be responsible for managing a well-diversified allocation that aligns with the investment objectives and risk tolerance of the MRB.
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Publication Date/Time:
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11/13/2025 12:00 AM
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Closing Date/Time:
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12/15/2025 11:59 PM
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Contact Person:
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Please email Robert Soohoo, Director, at rsoohoo@maldenretirement.org
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Qualifications:
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The preferred manager should have experience managing accounts in excess of $400,000,000, specifically as separately invested balanced portfolios rather than comingled funds. Additionally, the firm must be familiar with and agree to comply with Massachusetts General Laws, Chapter 32, as well as the regulations set forth by the Public Employee Retirement Administration Commission (PERAC) under 840 CMR.
To obtain a copy of the Request for Proposals or to make general inquiries regarding the RFP, please email Robert Soohoo, Director, at rsoohoo@maldenretirement.org with the subject line “Investment Manager RFP”.
To ensure a fair and equitable evaluation process, and to ensure all prospective bidders receive the same information, we kindly request that all inquiries regarding this RFP be submitted via email. No phone calls please.
Proposals are due no later than Monday, December 15, 2025, at 5:00 PM EST.
The address for submissions is:
Malden Contributory Retirement System
215 Pleasant Street, 5th Floor
Malden, MA 02148
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* Disclaimer: This website provides information about bids, requests for proposals (RFPs), or requests for qualifications (RFQs) for convenience only and does not serve as an official public notice. Individuals who wish to respond to or inquire about bids, RFPs, or RFQs should contact the relevant government department directly.