Plymouth County starts emerging markets, high-yield bond searches

Plymouth County (Mass.) Retirement Association is searching for an emerging markets debt manager to run $30 million and a domestic high-yield bond manager to run $27 million, according to RFP notices posted on the Massachusetts Public Employee Retirement Administration Commission's website.

Franklin Templeton (BEN) Investments (BEN) currently manages a similarly sized emerging markets debt fund; Eaton Vance (EV) Management (EV), high yield.

William Farmer, executive director of the $665 million pension fund, previously said the managers would be invited to rebid and the searches are the result of Massachusetts PERAC regulations that require contracts to be put out to bid at least once every five years.

Investment consultant Wainwright Investment Counsel is assisting.

The RFP notices are on PERAC's website. Proposals for both RFPs are due at 2 p.m. EST Feb. 27. A hiring date was not specified.

Mr. Farmer could not be reached by press time for additional information.