A Taft-Hartley pension plan is searching for investment managers to run the $35 million to $40 million it has received from the Pension Benefit Guaranty Corp. as part of the agency's Special Financial Assistance program.
The undisclosed multiemployer pension plan based in the Mid-Atlantic region is seeking proposals from managers that provide balanced funds, liability-driven investing strategies and/or public fixed-income strategies, said Kevin Condy, director of research at investment consultant Dahab Associates, which is assisting with the search.
The pension plan will also accept public equity proposals if they are submitted with a public fixed-income strategy.
Condy said the pension plan is not disclosing its total asset size.
The RFP is available on Dahab Associates' website. Proposals are due at 5 p.m. EST on Nov. 8. A timeline for a selection has yet to be determined.