The board of the Plymouth County Retirement Association (PCRA) in Massachusetts, with approximately $1.3 billion in assets under management, is seeking proposals from managers for an insurance-linked securities fixed-income strategy, according to the request for proposals, which is posted on the Association’s web site.
The board intends to invest approximately $10 million in an insurance-linked securities strategy. The Association is accepting submissions until November 23, which should be sent to Peter Manning, investment officer, at PManning@pcr-ma.org
As of Aug. 31, the pension fund’s actual allocation to fixed income was 15.9%; the target is 16%.
