Stable Value
The plan rehired its current provider in 2017.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The deferred compensation plan will also consider replacing its multi-strategy real estate manager this week.
The plan is seeking stable value manager services for an approximately $2.1 billion mandate.
The deferred compensation plan hired a new stable value manager in September.
The state deferred compensation fund’s current stable value manager handles $8.3 billion.
The plan will put more than $14 billion out for bid.
The current provider will see its contract expire at the end of this year.
The deferred compensation plan terminated a stable value fixed-income manager to improve its risk/return profile yesterday.
The search is due to the June 30, 2025 contract expiration of the plan’s incumbent.