Tamarac (Fla.) General Employees' Retirement System is searching for an active domestic fixed-income manager to run $5 million, said Gregory A. McNeillie, senior vice president at the plan's consultant, Dahab Associates. Officials at the $18.3 million plan are considering investing in lower-tier bonds, Mr. McNeillie said; incumbent Atlanta Capital Management strictly invests in higher-tier bonds but has been invited to rebid. The RFP is available on Dahab Associates' website, www.dahab.com; proposals are due Sept. 30, and Dahab will schedule finalist presentations for November.
The plan's asset allocation is 75% equity and 25% fixed income, with a target of 65% equity and 35% fixed income.
Lillian Pabon, secretary of the plan's board, referred questions to the system's third-party administrator, First Benefits Services. Dan Gatzulis, administrative manager of First Benefits Services, did not return a call by press time seeking comment.