Connecticut Retirement Plans & Trust Funds, Hartford, issued RFPs for two consultants, one for real estate and the other for alternatives, and a hedge fund-of-funds manager, according to the state treasurer's website.
Denise Nappier, state treasurer and the principal fiduciary for the $24.7 billion pension system, said in an interview last month that the current consultants, Townsend Group for real estate and NEPC for alternatives, can rebid. The consultants' contracts expire next year, Townsend's on Feb. 28 and NEPC's on May 31.
Ms. Nappier said the RFPs for the consultants are being issued early to avoid interruption in service.
The selected real estate and alternatives consultants would each be given a five-year contract starting no later than March 1, 2013.
The hedge fund-of-funds manager is being sought for the Connecticut Horizon Fund, which is part of the Connecticut Retirement Plans & Trust Funds. The Connecticut Horizon Fund provides opportunities for Connecticut-based and emerging investment management firms as well as investment firms owned by women and minorities.
The RFP is for an additional manager, and last month Ms. Nappier said she planned to commit up to $100 million for an initial investment.
The selected manager would work under a five-year contract starting no later than March 1, 2013, according to the treasurer's website. Proposals for all three RFPs are due at noon EDT June 27.
Consultant proposals should be sent to Office of the State Treasurer, Sixth Floor, 55 Elm St., Hartford, CT 06106; attention: Linda Tudan.
Manager proposals should be sent to Office of the State Treasurer, Sixth Floor, 55 Elm St., Hartford, CT 06106; attention: Reginald Tucker.
Interviews will be conducted in August, with hirings in September.