San Francisco City & County Employees' Retirement System today issued an RFP for a custodian for the $10 billion pension fund. A selection is expected in early 2003, said David Kushner, deputy director. Northern Trust, the current custodian, can rebid.
Firms can bid on custody, custody and cash management, custody and securities-lending, or on all three pieces of business. Fund officials haven't made a decision about unbundling the services.
Angeles is consultant.
