San Bernardino County Employees' Retirement Association issued an RFP for at least one manager to handle $100 million in emerging market equities benchmarked to the MSCI EMF index. Proposals are due Dec. 5, and semifinalists will be notified no later than Feb. 15. Requests for an RFP or other inquiries should be sent to [email protected]
Separately, officials at the $3.2 billion system plan to notify semifinalists in its search for high-yield fixed-income and emerging market debt managers by Jan. 9. Three managers are sought: one for $150 million in higher quality U.S. high yield, one for $100 million in U.S. high yield and one for $75 million in emerging market debt. Candidates must manage money for at least two large U.S. public funds and not use leverage.
The searches stemmed from a new asset allocation adopted by the board in September. New England Pension Consultants is assisting.