TSP retains investment manager for F Fund

Contract will last up to five years.

The Thrift Savings Plan has renewed its contract with the current investment manager for the fixed income bond fund, its administrative board announced Monday.

The Federal Retirement Thrift Investment Board selected BlackRock Institutional Trust Co. to continue its role as F Fund manager -- a position it has held since December 2009. The agreement is a one-year contract that is renewable each year until 2017.

As of Sept. 30, the F Fund had $25.4 billion in assets. Since January, the fund has risen 4.43 percent.

(Image via leungchopan/Shutterstock.com)