On Thursday, the Defense Department said that in order to blend in, special-operation forces often don the insignia of forces they accompany. On Friday, after Turkey complained, a spokesman called the action “unauthorized and inappropriate.”
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.