State-Boston Retirement System is searching for at least one high-yield bond manager to run about $130 million for the $4 billion defined benefit plan.
Investment consultant NEPC is assisting with the search.
Only investment strategies with at least a five-year track record and assets of at least $1 billion will be considered. Strategies with high yield as a component will also be considered.
The search is to replace current high-yield managers. They were not identified, but they are invited to rebid, according to the RFP.
The RFP is available on NEPC’s website. Proposals are due at 9 a.m. EST on March 6. A selection date could not be learned.
John Kelly, investment analyst for the pension fund, and Will Forde, an analyst at NEPC, could not be reached by press time for further information.