Phoenix Employees’ Deferred Comp seeks stable value manager
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Phoenix Employees' Deferred Compensation Board is searching for a stable value fund manager for the city's $1.5 billion 457 plan and $542 million 401(a) plan.
The board is seeking an underlying manager for its Phoenix Stable Income Fund, according to an RFP posted on the city's procurement website.
Whether current manager Morley Fund Management is invited to rebid was not known; the last time the services were put up for bid in 2014, Morley Fund Management was the incumbent and was rehired.
The RFP is available on the city's procurement website. Proposals are due at 2 p.m. PST on Feb. 2. A selection is expected on March 21.