Santa Barbara County (Calif.) Employees’ Retirement System launched requests for information for an active large-cap growth equities and an intermediate U.S. government fixed-income manager, according to a notice on the $1.7 billion system’s website.
The stock manager would run $145 million; the bond manager, about $50 million. Funding for the equity portfolio comes from an active all-cap growth portfolio that was managed by First Republic Investment Management, which was terminated in December. Funding for the bond allocation will come from reducing the system’s $504 million core bond portfolio.
Responses to the RFIs are due May 14. Interested managers should contact Sarah Bernstein at the system’s general consultant, Pension Consulting Alliance, at 818-508-1223.