TSP Board looks for fund manager for C Fund
The Federal Retirement Thrift Investment Board issued a request for proposal for the Thrift Savings Plan's Common Stock Fund.
The Federal Retirement Thrift Investment Board (FRTIB) is seeking a new fund manager for the Thrift Savings Plan’s C Fund.
The C Fund, invested in common stocks that track performance on the Standard & Poor’s 500 Index, has grown about 3 percent so far this year. By the end of last year, it had grown nearly 14 percent and held more than $140 billion in assets.
In its request for proposal, FRTIB asked that the firm have at least 15 years experience managing passive S&P 500 indexed assets and 10 years of securities lending experience.
The board said it expects to award the contract between April and June of this year.
FRTIB issued RFPs for the F, S and I Funds over the past two years. Those funds are managed by BlackRock Institutional Trust Company.
The board internally manages the G Fund.
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