Nashville (Tenn.) & Davidson County Metropolitan Board of Education Teacher Retirement Plan is searching for an active fixed-income manager to run between $10 million and $20 million, confirmed Fadi BouSamra, chief investment officer.
The selected manager should be able to manage domestic core-plus, corporate-credit and high-yield strategies as well as international fixed income, he said.
The $50 million plan is moving its fixed-income allocation to active management from passive, according to Mr. BouSamra. No managers will be terminated.
The RFP is posted at http://www.dahab.com, the website of plan consultant Dahab Associates. Proposals are due at 5 p.m. EDT July 26.
Further details were unavailable.