State-Boston Retirement System is searching for a diversified credit opportunities manager to run about $120 million, said an RFP posted on the website of NEPC, the $4 billion pension fund's investment consultant.
The pension fund is looking for liquid credit strategies that invest across different sectors and asset classes, including high yield, bank loans, distressed debt and structured credit.
Firms must have at least $5 billion in total assets, with capabilities and resources dedicated to credit research and investing in order to be considered. Managers must have at least a five-year track record in opportunistic or diversified credit-focused strategies.
The RFP and related materials are available on NEPC's website. Proposals are due at 4 p.m. EDT on June 13. No further information on the search was available by press time.
John Kelly, the pension fund's investment analyst, and Taylor Furlong, research associate at NEPC, could not be immediately reached for comment.
