Indiana Public Employees Retirement Fund, Indianapolis, is searching for a global custodian for the $9.7 billion system, said Patricia J. Gerrick, CIO. Proposals are available on the fund’s website, at www.in.gov/perf/, and are due Thursday, she said. Incumbent National City Bank has been invited to rebid.
Fund officials are looking for "best practices,” Ms. Gerrick said, including what services are available and how to improve electronic access to information about the fund’s assets.
Mercer Investment Consulting is assisting.
