Fairfax (Va.) City Supplemental Retirement System issued an RFP for a...

Fairfax (Va.) City Supplemental Retirement System issued an RFP for a core-plus fixed-income manager to run $13 million. The $90 million plan will fund the allocation by reducing fixed-income portfolios currently managed by Bank of America and Standish Mellon; both will be allowed to bid. Details of their mandates were unavailable. "I don’t think we are trying to exclude anybody. In this market, it’s worth re-evaluating where we stand with our managers,” said Joel Hendelman, plan board chairman. Proposals are due May 14. New England Pension Consultants is assisting.