New York City Deferred Compensation Plan issued an RFP for a short-duration synthetic GIC manager, said Dean Weltman, plan compliance officer at the $5.1 billion plan. Current manager BlackRock, whose contract is expiring, can rebid. The RFP is available on the plan's website at www.nyc.gov/deferredcomp. Responses are due May 7, and a selection is expected July 22, Mr. Weltman said. Mercer Investment Consulting is assisting.
The fund also hired Harris Direct for a self-directed brokerage option, which is a new option, he said.
