Request for Proposal - Timber Fund or Timber/Farmland Fund

The Cambridge Retirement Board is conducting a search for an open-end Timber Fund and/or an open-end Timber and Farmland Fund, excluding REIT Funds. The mandate will be approximately $45 million. The Board currently has a global timber and farmland fund and the search is being conducted per M.G.L Ch. 32, which requires the Board to re-evaluate its existing managers on a periodic basis. Individual contracts will be awarded and stated in accordance with M.G.L. Ch. 32 and all applicable investment guidelines administered by the Public Employee Retirement Administration Commission (“PERAC”). The Board reserves the right to reject any and all proposals at its discretion or to select more than one manager and to determine the amount of assets each will manage.  MBE and WBE firms are strongly encouraged to participate in the search.

 

Proposal must be received prior to 1:00 p.m. EST on October 28, 2024 and will not be accepted after the closing date and time. Please direct questions pertaining to the Request for Proposal via email only to bostonrfp@segalmarco.com.