Iowa Public Employees' Retirement System, Des Moines, plans to issue an RFP Oct. 18 for core and core-plus fixed-income managers for an assignment of $1.1 billion. Funding would come from JPMorgan Fleming, which manages $1.1 billion in core-plus fixed income for the fund and was placed on a comprehensive review list for personnel turnover. JPMorgan can rebid. Staff at the $17.2 billion system and consultant Wilshire will evaluate core and core-plus managers because the two strategies are similar, and searching for only core-plus mandates "could eliminate some potentially good products from consideration," according an Iowa PERS report.
Proposals will be due Nov. 12; a decision is expected in March.