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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.