PBGC is searching for active fixed-income managers, said an RFP posted on the Federal Business Opportunities website.
Multiple managers will be considered to run between $250 million and $7 billion each for the $62 billion trust fund of the Pension Benefit Guaranty Corp.
The RFP states that “investments of trust fund assets for this mandate may include fixed income and derivative products that are obligations of both domestic or non-U.S. issuers.”
Among the strategies being considered are domestic core fixed income, global fixed income, long-duration fixed income, emerging markets debt, high yield, U.S. Treasuries and Treasury inflation-protected securities.
The RFP is available on the Federal Business Opportunities website. Proposals are due at 9 a.m. EST on March 5. A timetable for a decision was not made available.
PBGC spokesman Marc Hopkins said the agency's policy is not to provide further comment.