San Bernardino Seeks Credit/Debt Managers

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...