The San Bernardino (Calif.) County Employees' Retirement System is holding off for now its approval of an RFP for a custodial search. Whether it approves the RFP largely hinges on a fee quote its current custodian, State Street Bank, is preparing. The $2.4 billion pension fund is hoping for a reduction in its custodial costs. Trustees are expected to get the new fee proposal in early September. State Street Bank's contract isn't up for another year.
The San Bernardino (Calif.) County Employees' Retirement System is...
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