The $100 million retirement fund for Lexington, Mass., is making its initial infrastructure investment, which could exceed $6 million.
According to the Infrastructure Investor website, the Lexington Contributory Retirement System will scrutinize responses to a request for proposals for a “long-only global infrastructure manager” at a meeting on Wednesday.
The website quoted retirement administrator Marguerite Oliva as saying that the decision to allocate to infrastructure was part of a larger portfolio rebalancing move. Lexington is a 31,000-population suburb west of Boston.
