Massachusetts Deferred Compensation SMART Plan, Boston, is searching for several active managers for its 457 plan, according to a request for response posted on Massachusetts' procurement website.
Managers are being sought for core-plus fixed income; unconstrained, long-only fixed income; high-yield bonds; core private daily valued real estate; and bank loans.
The core-plus fixed income and high-yield bond allocations had more than $200 million and $58 million in participant assets, respectively, as of April 28.
The unconstrained bonds, real estate and bank loans are new allocations for the $6.1 billion plan.
The RFR is available on the state's procurement website. Proposals are due by 4 p.m. EDT June 9. A selection date was not specified.
Jameel Moore, legal and financial analyst for the state treasurer's office, which oversees the plan, could not be reached by press time. Jon Carlisle, spokesman for the state's treasurer office, could not immediately provide additional information.