Stable Value
The new stable value fixed-income manager replaces the plan’s underperforming incumbent.
The plan interviewed four finalists in the search last month.
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.
