The Federal Retirement Thrift Investment Board rebids its contracts for management of the TSP funds regularly, said Kim Weaver, the board’s director of external affairs. “We did the F Fund last fall and awarded that contract to BlackRock at the end of last year,” Weaver said. The board plans to issue a request for proposals for the C and S funds in the coming months, Weaver said.
The I Fund contract will be for a one-year term, with four one-year options.
BlackRock Institutional Trust Company, N.A. currently manages all the TSP funds.