The Town of Plymouth Retirement System is seeking a fixed-income firm with experience managing term asset-backed loan facility programs or distressed credit strategies.
The plan would invest $2 million to $10 million with the manager, according to the request for proposals (RFPs) issued for the search.
Officials at the retirement system directed questions regarding the search to Maura Goulart, its consultant with Fiduciary Investment Advisors. Goulart could not be reached by press time, however.
Plymouth has a 20% allocation to fixed income, according to the Massachusetts Public Employee Retirement Administration Commission's (PERAC) Web site. PERAC also lists Plymouth's fixed-income manager roster as consisting of MacKay Shields and Wellington Trust Co.
The deadline for proposal submissions is June 1. RFPs are available upon request at firstname.lastname@example.org.