SunLine Transit Agency, Thousand Palms, Calif., is searching for a discretionary investment manager to run all of its qualified union and non-union defined benefit plans, said procurement manager Eric Taylor.
The search is being conducted as part of the agency's regular review of its providers. Incumbent manager Highmark Capital Management is invited to rebid.
The RFP is available on the agency's website. Registration is required. Proposals are due by 4 p.m. PST on Dec. 16.
As of June 30, the $21.2 million union plan had an asset allocation of 66.7% equities, 31.2% fixed income and 2.1% cash and cash equivalents. As of the same date, the $22.1 million non-union plan had an asset allocation of 66.5% equities, 31.7% fixed income and the remainder in cash and cash equivalents.