Washington State Investment Board, Olympia, renewed State Street Bank’s three-year contract as custodian for the $53.7 billion system, said Gary Bruebaker, chief investment officer.
The system also plans to search in May for securities lending services for its $13 billion in fixed-income assets and $3 billion in international equities. SSB currently handles securities lending for the fund.
In addition, the system and the state Guaranteed Education Tuition Program jointly plan to search for managers to run portfolios for the state’s new 529 program. Selections are expected by the end of April.
