Alabama Trust Fund, Mobile, issued an RFP for a custodian and will also search for active international equity managers, according to the fund's website. Shortly after the custodian is hired, officials will search for the fund's first international equity managers. The custodian RFP can be found at www.treasury.alabama.gov. Proposals are due March 24. Further details were not available; Anthony Leigh, deputy treasurer, was traveling and unavailable for comment.
The $2.5 billion fund, overseen by the state's treasury department, manages capital payments made by oil and gas companies drilling off the state's shores.