Tacoma (Wash.) Employees Retirement System is searching for a core-plus fixed-income manager that can handle high-yield and non-dollar bond exposure on an opportunistic basis. The size of the mandate, funding source and deadlines have not been determined, but managers data must be included in the database of consultant Wilshire Associates. Managers should e-mail [email protected] to register or [email protected] to ask specific questions about the search.
Currently, Zurich Scudder manages a $222 million core-plus portfolio for the $645 million pension fund. The manager has trailed its benchmark in one-, three-, and five-year periods through Sept. 30, and the international portion of the portfolio was liquidated during the third quarter, according to a Wilshire report.