Connecticut Retirement Plans & Trust Funds, Hartford, heard presentations from four semifinalists for a $1.4 billion emerging markets debt allocation at the state’s investment advisory council meeting on Wednesday.
The four semifinalists are Ashmore Investment Management, Fidelity Institutional Asset Management, Payden & Rygel and Prudential Fixed Income.
Ashmore and Fidelity are current emerging markets debt managers for the $29.6 billion pension fund, along with Stone Harbor Investment Partners, managing the $1.4 billion allocation. It could not be learned if Stone Harbor rebid.
An RFP was issued in February. Thirty-three firms responded to the RFP.
No timetable on a selection was announced and no decision has yet been made on how many managers will be hired, a spokesman for the treasurer’s office said.
