New York Power Authority, White Plains, is searching for a core fixed-income manager to run about $225 million for its $1.3 billion Nuclear Decommissioning Trust Fund, according to an RFP posted on the authority’s procurement website.
Firms certified by New York State as minority- and women-owned business enterprises are encouraged to bid.
The contract will begin in September and will run up to five years, according to the RFP. The funding source could not be learned by press time.
The RFP is available on the authority’s procurement website. Proposals are due June 24. No selection date was specified.
The trust fund currently comprises domestic equity and fixed-income assets, according to the RFP. The target allocation for domestic equities is 35%, according to the power authority’s most recent annual report.
Spokesman Michael Saltzman could not immediately provide additional information by press time.