New York Power Authority, White Plains, is accepting proposals from core fixed-income investment managers to run about $630 million for the authority’s $1.44 billion nuclear decommissioning trust fund, said NYPA spokesman Steven Gosset.
The search is being conducted because current contracts with several incumbent managers are expiring this year. Mr. Gosset did not disclose the identity of the managers but said they are invited to rebid.
The RFP can be found on NYPA’s website. Registration is required. Proposals are due at 5 p.m. EDT on May 5. A selection is expected by Sept. 30.