Massachusetts Pension Reserves Investment Management Board (MassPRIM) is searching for a new real estate and timber consultant, Pensions & Investments reports. The Boston-based investment management board will issue a request for proposal on April18 for the same.
The existing provider, Callan Associates, whose contact will expire on July 31, can rebid. The responses on the proposal are due by May 18, 2011. MassPRIM had a $3.8 billion real estate allocation and a $1.03 billion timber allocation as of February.
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