Cambridge Retirement Issues $45M Timber and Farmland RFP

The board of the Cambridge Retirement System has initiated a search for an open-end timber fund or open-end timber and farmland fund, excluding REITs, with a $45M mandate. 

Proposals for the RFP, posted by consultant Segal Marco Advisors, which is assisting in the search, are due by October 28. The Boston-based pension currently has a global timber and farmland fund, and the board said the search is being conducted in accordance with Massachusetts law requiring it to periodically reevaluate existing managers. 

Cambridge said it “strongly encourage[s]” minority- and women-owned firms to participate in the search.

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