Denver City and County Deferred Compensation Plan Committee is searching for a stable value fund manager.
The $979 million 457 plan’s committee has issued an RFP due to requirements that the services must be put up for bid every few years, said Zlatko Letica, chairman of the committee and financial manager in the city and county controller’s office. Current manager Galliard Capital Management is eligible to rebid, Mr. Letica said.
The stable value separate account currently has $205 million in assets in the plan, according to the RFP. Nationwide Financial is the plan's record keeper.
The RFP is available on BidNetDirect. Registration is required. Proposals are due at 9 a.m. MDT on May 31. A timeline for a selection was not provided.
Investment consultant Innovest Portfolio Solutions is assisting.
