TSP Board looks for fund manager for C 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.

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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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