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.