New York City Deferred 457 Compensation Plan will issue an RFP on Friday for a $28 million intermediate-duration fixed-income mutual fund or commingled fund manager, said Lou Porpora, assistant director for the $4.2 billion plan. The benchmarks for the mandate will be 80% Lehman Brothers Aggregate bond index; 10% Merrill Lynch high-yield bond index; and 10% Salomon Brothers Non-U.S. Government bond index.
Incumbent Morgan Grenfell, whose contract expires next June, is invited to bid.
