Friday, 27 February 2015
Last updated 42 min ago
Jan 14 2008 | 1:03am ET
The $6.2 billion San Bernardino County Employees' Retirement Association is looking for credit/debt managers with an absolute return or relative value focus. SBCERA will consider a range of strategies, including those that invest in bank loans, senior secured debt, subordinated debt, convertible bonds, asset-backed securities, mortgage-backed securities and other floating rate, short-term, and structured instruments.
Strategies that use short-selling, leverage and derivatives, and invest in par, stressed, and distressed-debt instruments, will also be considered, as will products that tactically allocate among credit strategies. The total allocation to this mandate is approximately $200 million and it is likely that several managers will be selected.
To be considered, the investment manager must have $500 million in assets under management and a three-year track record in the proposed product.
The deadline for the request for proposal, which can be accessed on New England Pension Consultants’ Web site, is Jan. 31.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…