New York City Deferred Compensation Board will issue an RFP June 23 for unbundled record-keeping services, said Tamara Lubansky, spokeswoman at the $4.5 billion fund. Current record keeper Financial Administration Services’ contract is up; it will re-bid.
The plan also issued an RFP for a manager to handle a new active domestic midcap growth or midcap core portfolio. Applicants must have $1 billion under management and five years’ experience in the strategies.
The plan also will discontinue a $115 million Vanguard Wellington balanced fund as of July 2001, replacing it with four funds of funds, the strategies of which range from conservative to aggressive. The board will issue RFPs but has not set a timetable, Ms. Lubansky said.
