Nevada State Treasurer's Office, Carson City, is searching for a fixed-income manager for its $324 million 529 plan.
The office is seeking a firm to directly manage all the fixed-income assets for Nevada’s Higher Education Prepaid Tuition Program. The contract of current manager Mesirow Financial expires Oct. 31. Spokeswoman Stephanie M. Klapstein said Mesirow can rebid.
Mesirow currently manages about $88 million for the program, according to an RFP posted on the state’s procurement website.
According to the plan's investment policy, the program has a target allocation of 30% to core bonds, benchmarked to the Bloomberg Barclays Aggregate Bond index.
The RFP is available on the state's procurement website. Proposals are due at 2 p.m. PDT on Aug. 14. A timeline for a selection was not provided.
Teri Becker, purchasing officer, could not be immediately reached for further information.
