San Bernardino County (Calif.) Employees' Retirement Association is seeking emerging market debt managers and emerging market equities managers.
NEPC, investment consultant to the $12 billion pension plan, is assisting with the searches.
The retirement plan has an 8% allocation to emerging market debt, or roughly $960 million, and a 6% allocation to emerging market equities, or roughly $720 million.
The RFPs are on NEPC's website. Proposals for both searches are due by 3 p.m. EDT March 26. Selections are expected to be made in the third quarter.
Representatives from the retirement association and NEPC could not be immediately reached for comment.