Oklahoma Teachers' Retirement System, Oklahoma City, next spring will...

Oklahoma Teachers' Retirement System, Oklahoma City, next spring will likely issue an RFP for a firm to handle its global custody and securities lending operation, said Tommy C. Beavers, executive secretary. Incumbent Northern Trust's one-year contract was renewed for the fifth time beginning Nov. 1, and the search might be canceled if the firm agrees to keep its existing fee structure, Mr. Beavers said. The $6.1 billion system "owes it to taxpayers and participants to see if we can get a better deal," he said. The search will likely be handled internally.