Connecticut Retirement Plans & Trust Funds, Hartford, is searching for managers of emerging managers to provide services for the global equity and global fixed-income asset classes.
The $37 billion pension fund issued an RFP because the contracts of the three current managers expire at the end of the year and the pension fund is in the process of updating the overall program to "bring it more in line with our broader portfolio," said Greg Gerratana, spokesman for Shawn T. Wooden, state treasurer and principal fiduciary of the pension fund, in an email.
The program targets between 2%, or $740 million, and 5%, or $1.9 billion, in assets, Mr. Gerratana said.
The RFP is available on the state of Connecticut's procurement website. Proposals are due at 5 p.m. EDT on May 8. A selection is expected during the week of July 2.