Pro boxers' plan rings bell on investment provider search
By Kevin Olsen | September 21, 2012 4:16 pm
California Professional Boxers' Pension Plan, Sacramento, is searching for an investment services provider for its $5.2 million defined contribution plan, according to an RFP posted on BidSync, an electronic procurement website.
Incumbent Raymond James Financial Services is invited to rebid. The contract is for three years with two additional one-year renewal options.
The selected firm will have full discretion on manager selection for the non-participant-directed plan. It will also have discretion in adjusting and rebalancing the asset allocation within a range stated in the investment policy statement.
The California State Athletic Commission oversees the plan.
The RFP is available at www.bidsync.com/DPX?ac=view&auc=1926505. Proposals are due at noon PDT Oct. 4. A hiring decision is expected on Oct. 5.
Bill Pequinot, contract administrator, did not return a telephone call by press time for additional information.