Passive High-Yield Bond Investment Management

The Falmouth Retirement Board is seeking an investment management firm to manage approximately $11 million in a passive high-yield bond commingled vehicle for its defined benefit plan.

Massachusetts > Public Employee Retirement Administration Commission > Falmouth Retirement Board > Falmouth Retirement System


General
Open
Sep 21, 2026 02:00 PM
Aug 25, 2026 12:00 PM
$11,000,000.00
Request for Proposal (RFP)
State
Ask AI about this solicitation
Description

The Falmouth Retirement Board is seeking proposals from investment management firms to manage up to 4.5% of the Falmouth Retirement System's defined benefit plan in a passive high-yield bond product. The Board will consider only commingled vehicles. The retirement system's assets were approximately $252 million as of June 30, 2026, and the expected award is approximately $11 million, although the actual allocation may fluctuate with the portfolio's market value and the Board provides no assurance that it will commit this amount. The selected manager must be familiar with and agree to comply with Massachusetts General Laws Chapter 32, Chapter 176 of the Acts of 2011, and applicable investment guidelines administered by the Public Employee Retirement Administration Commission.

Classification Codes
NAICS523940Portfolio Management and Investment Advice
PSCR547STUDY/ACCOUNTING/FINANCIAL MGT
Smart Codes
high-yield bond managementpension fund managementcommingled investment management
Specifications
Service Only
Timeline
Aug 25, 2026-Posted Date
Sep 21, 2026-Proposal Due Date
Opportunities Near New Bedford, Massachusetts
Marketing, Media Relations, and Tourism Consulting Services

The Town of Foxborough, in partnership with Plainville and Wrentham, is seeking marketing, media rel...

Due in 5 daysTown of Foxborough
Medical Items and Prosthetics for MassAbility Participants

The Commonwealth of Massachusetts is seeking contractors to assess, procure, repair, and provide per...

Due in 2 daysMassachusetts
Safe and Successful Youth Initiative Human Trafficking Intervention Program

The Massachusetts Executive Office of Health and Human Services is seeking qualified organizations t...

Due in 27 daysMassachusetts > Executive Office of Health and Human Services
Tenant Relocation Moving Services

The New Bedford Housing Authority is seeking contractors to provide professional moving services for...

Due in 10 daysNew Bedford Housing Authority
Payne Cutlery Site Redevelopment

The City of New Bedford is soliciting proposals from qualified developers to redevelop and acquire t...

Due in 25 daysCity of New Bedford > Purchasing Department
Dottin Place I Dusk-to-Dawn Lighting Upgrades, Phase 1 Rebid

The New Bedford Housing Authority is seeking electronically submitted bids for Phase 1 dusk-to-dawn ...

Due in 5 daysNew Bedford Housing Authority
Remote Terminal Unit Upgrade and Installation

The Massachusetts Bay Transportation Authority is seeking labor, equipment, and materials to procure...

Due in 25 daysMassachusetts Bay Transportation Authority > Procurement & Logistics
University System Facility Condition Assessment Consulting

The University of Massachusetts System is seeking a consultant to assess facility conditions, defici...

Due in 20 daysUniversity of Massachusetts > University of Massachusetts Chan Medical School > Unified Procurement Services Team
Snow and Ice Removal Services

Bristol Community College, an agency of the Commonwealth of Massachusetts, is seeking proposals for ...

Due in 4 daysBristol Community College
Rate Year 2027 Psychiatric Hospital Services

The Massachusetts Executive Office of Health and Human Services is seeking applications from eligibl...

Due in 11 daysMiddlesex County > Office of Human Services
Medical Items, Prosthetics, and Related Services

The Massachusetts Executive Office of Health and Human Services, through MassAbility, is seeking qua...

Due in 2 daysMassachusetts > MassAbility
Street Lighting Maintenance

The Massachusetts Department of Conservation and Recreation is seeking a pre-qualified contractor fo...

Due in 5 daysMassachusetts > Department of Conservation and Recreation
College and University Tobacco/Nicotine Action Initiative

The Massachusetts Department of Public Health is seeking Massachusetts public colleges and universit...

Due in 11 daysState of Connecticut > Department of Public Health
Commercial Fishing Vessel Research Support

The Massachusetts Department of Fish and Game's Division of Marine Fisheries is seeking qualified co...

Due in almost 3 yearsMassachusetts > Division of Marine Fisheries
Adult Community Clinical Services

The Massachusetts Department of Mental Health intends to procure Adult Community Clinical Services t...

Due in over 1 yearMassachusetts > Executive Office of Health and Human Services > Department of Mental Health
Master Data Management Platform and Implementation Services

The University of Massachusetts System is seeking proposals for a SaaS master data management platfo...

Due in 11 daysUniversity of Massachusetts > University of Massachusetts Chan Medical School > Unified Procurement Services Team
I-195 Resurfacing and Related Highway Work

The Massachusetts Department of Transportation is seeking a pre-qualified contractor to resurface an...

Due in 24 daysMassachusetts > Department of Transportation > Highway Division
Green Line CMAR Vehicle Maintenance Facility Trade Upgrades

The Massachusetts Bay Transportation Authority is requesting qualifications from trade contractors f...

Due in 6 daysMassachusetts Bay Transportation Authority
Street Lighting Maintenance

The Massachusetts Department of Conservation and Recreation is seeking a contractor for street light...

Due in 5 daysMassachusetts > Department of Conservation and Recreation
Long Island Sound Nitrogen Reduction Infrastructure Grants

The Massachusetts Department of Environmental Protection is offering approximately $7.2 million in g...

Due in 3 monthsMassachusetts > Department of Environmental Protection > Bureau of Water Resources
Fire Alarm Maintenance, Service, and Repair

The Massachusetts Bay Transportation Authority is seeking a contractor for three years of testing, i...

Due in 11 daysMassachusetts Bay Transportation Authority > Procurement & Logistics
Surety Bond Assistance Pilot Program RFI

MassDevelopment is seeking information from technical assistance providers and surety bond companies...

Due in about 1 monthMassachusetts > MassDevelopment
Nuts and Bolts (Fasteners)

The Massachusetts Port Authority is seeking proposals to purchase nuts, bolts, and other fasteners f...

Due in 9 daysMassachusetts Port Authority
FY2027 Watershed Road Salt Reduction Grants

The Massachusetts Department of Conservation and Recreation is offering FY2027 grants to eligible wa...

Due in 20 daysMassachusetts > Department of Conservation and Recreation > Department of Conservation & Recreation
Statewide Snow and Ice Management Services

The Massachusetts Trial Court is seeking proposals for complete snow and ice management services at ...

Due in 6 daysMassachusetts > Trial Court > Office of Court Management > Facilities Management & Capital Planning