Commonwealth of Puerto Rico Plan of Adjustment Pension Reserve Trust, Guaynabo, is searching for investment-grade corporate credit managers and multiasset managers to run a total of $790 million, according to two RFPs on the trust's website.
For the investment-grade corporate credit manager search, PRT is looking for long-only strategies, and the allocation will be $660 million.
For the multiasset manager search, PRT is looking for managers that run long-only (non-hedge fund structure) investments across liquid, global investable markets designed to express the managers' best ideas among global opportunities. The allocation will be about $130 million.
Both RFPs are available on the trust's website. Proposals are due March 1. Finalists will be chosen March 29.
