Wyoming Retirement System, Cheyenne, is searching for at least one domestic or global inflation-protected securities manager to run up to $70 million, confirmed Douglas Kidd, senior investment officer.
The $7 billion pension fund is broadening its overall fixed-income allocation, Mr. Kidd said in a telephone interview. Funding will come from reducing the accounts of other fixed-income managers.
The overall target for fixed income is 20% to 30%, while the actual allocation was 21.5% as of Dec. 31.
The pension fund has a preference for a “short-duration global TIPS product,” according to the RFP, but will consider domestic and/or long-duration products as well.
The RFP is available on investment consultant NEPC's website. Proposals are due at 2 p.m. MDT on July 19. A hiring decision is expected in October.