San Joaquin County Employees’ Retirement Association, Stockton, Calif., is considering allocating between $100 million and $150 million to a core fixed-income mandate.
Meketa Investment Group, investment consultant to the $3.5 billion pension fund, is assisting with the search.
SJCERA is soliciting proposals to consider adding a new manager to its fixed-income portfolio, said Johanna Shick, CEO of the pension fund.
“If we decide to add a new manager, we will determine what, if any, changes to make among our existing managers,” Ms. Shick added.
The plan’s current fixed-income managers as of Dec. 31 that make up its principal protection space are Dodge & Cox, DoubleLine Capital and Prima Capital .
The RFP is available on Meketa’s website. Proposals are due by 5 p.m. PDT May 12. A selection date was not disclosed.