New Jersey Division of Investment, Trenton, revised its shortlist RFP for a full-time investment consultant to the $62 billion pension fund, easing requirements to "allow us to attract a greater number of responses," said Tom Vincz, spokesman. The changes were not related to the state-sponsored report issued Thursday by consultant Independent Fiduciary Services, listing 79 recommendations for improving the fund's performance and operation, he said. "We were making changes concurrently with what the IFS report was going to be addressing," Mr. Vincz said.
The revision was issued Sept. 12 to roughly 24 firms. Proposals are due Oct. 3; no timeframe has been established for making a selection.