Alabama Trust Fund, Montgomery, is expected to issue an RFP for a domestic fixed-income manager shortly after its June 14 board meeting, said Porter Bannister, assistant finance director. The number of managers the $1.1 billion fund will hire and portfolio sizes are still undetermined. Ten semifinalists from a previous search will be included in the new search, said Lucy Baxley, state treasurer. The previous search was scrapped after the election of a new governor, who then appointed a new finance director. Currently, Wellington Management runs the entire $1.1 billion in domestic fixed income. Wellington is expected to remain a domestic fixed-income manager for the fund after the search is completed, she said.
Alabama Trust Fund, Montgomery, is expected to issue an RFP for a...
Recommended for You
Sponsored
White Papers
Sponsored Content
Partner Content