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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...