Maryland Teachers & State Employees Supplemental Retirement Plans, Baltimore, issued an RFP for a manager of managers for its $536.8 million stable value investment pool and also plans to search for an investment consultant for the $2.1 billion system, confirmed Michael Halpin, executive director. The contracts of ING Financial Advisors, the system's current stable value manager of managers, and incumbent consultant Segal Advisors expire this spring, Mr. Halpin said. The two firms can rebid.
The RFP for the manager-of-managers search is available from Roland L. Unger, the system's procurement officer, at [email protected] The system will hold an informational conference at 1 p.m. EST Jan. 16 at its Baltimore office for interested firms. Proposals are due Feb. 22, and a selection is expected in March. The timetable for issuing the investment consultant RFP has not been determined.