Illinois State Universities Retirement System, Champaign, is searching for a global custodian. The $14.9 billion defined benefit plan will consider separate bids for custody with or without securities lending and stand-alone securities lending, according to the RFP. Incumbent Northern Trust will be invited to rebid, said Dan M. Slack, executive director. The board, which last completed a search for such services in 1997, wants to take a fresh look at its custodial arrangements and isn't acting out of dissatisfaction with Northern, he added. Ennis Knupp is assisting. The RFP is available on the fund's website at www.surs.org. The deadline for proposals is Dec. 15.
Shropshire County Council Pension Fund, Shrewsbury, England, is seeking a manager to run £43 million ($85 million) in active multifund pan-European real estate, said Graham Chidlow, head of finance. The £860 million fund is switching from a U.K. real estate strategy now managed by KBC Asset Management, which is invited to rebid. The switch is being made for diversification, Mr. Chidlow said. Hewitt Associates is assisting. The RFI is available from Hewitt; proposals are due Dec. 15.
Northern Trust Global Investments issued an RFI for emerging and minority-owned and women-owned firms that can provide broker-dealer services. The Northern Trust RFI aims to build meaningful relationships with a number of firms, said John O'Connell, spokesman. Responses are due Dec. 15. Interested firms can e-mail Maritza Lopez at [email protected] or call Don Pollak, senior vice president for institutional client service, at 312-444-7795.
Los Angeles County Employees Retirement Association, Pasadena, Calif., issued an RFP for at least one manager to run $370 million in active or passive collateralized commodity futures, said Vache Mahseredjian, principal investment officer for the $36.7 billion fund. The new allocation will be funded by reductions in the system's $11.8 billion domestic equity portfolio, but no specific manager or strategy has been targeted, CIO Lisa Mazzocco said in an earlier interview. The allocation is being made for diversification. Responses to the RFP are due at noon PST Dec. 22. The RFP is posted on the association's website, www.lacera.com.
Maryland Teachers & State Employees Supplemental Retirement Plans, Baltimore, issued an RFP for auditing services, according to Michael Halpin, executive director of the 401(k), 457 and 401(a) plans. Clifton Gunderson LLP is the current auditor, said Mr. Halpin, adding the firm can rebid. The RFP is available at www.msrp.state.md.us. Proposals are due Dec. 22. The plans have a combined $2 billion in assets.
Dumfries (Scotland) & Galloway Council Pension Fund is seeking at least one active global equity manager to run up to £160 million ($213.66 million), said Andrew Ewart, treasury and insurance officer. The £400 million fund is switching to an active strategy from a £106 million passive global equity portfolio managed by State Street Global Advisors. SSgA can rebid. In addition, a portion of the fund's £120 million passive U.K. equities portfolio run by Legal & General Investment Management could be reduced to fund the new manager. The RFI is available from consultant Hymans Robertson; proposals are due Jan. 5.
Chicopee (Mass.) Retirement Board is searching for a manager to run $33 million in core-plus fixed income, according to the Massachusetts Public Pension Forum's website. The RFP is available via e-mail from Carol Tam, financial analyst for consultant Segal Advisors, at [email protected] Proposals are due by 3 p.m. EST Jan. 9. Susana Baltazar, board administrator for the $128 million plan, was not available for comment by press time; Segal Advisors consultant Kevin Leonard did not return a call by press time.
New Bedford (Mass.) City Retirement System issued an RFP for a manager to run $32 million in active domestic large-cap growth equities, according to a posting on the Massachusetts Public Pension Forum's website. Gerard Arnaudet, executive director of the $201 million plan, was not available for comment, and a plan official who did not want to be identified referred questions to consultant Segal Advisors. Segal consultant Kevin Leonard declined to name the incumbent.The RFP is available by e-mailing Carol Tam, Segal Advisors financial analyst, at [email protected] Proposals are due by 3 p.m. EST Jan. 9. Plan officials will likely have a decision by the end of the first quarter, Mr. Leonard said.
Cumbria County Council Local Government Pension Scheme, Carlisle, England, is looking to hire an active global equities manager to run £125 million ($242.8 million), an active currency manager to run £20 million and at least one alternatives manager to run a total of £100 million in alternatives, according to Keith Fitzpatrick, investment officer. For alternatives, officials of the £1.1 billion fund want to invest in one or more of the following asset classes: private equity, hedge funds, commodities and infrastructure. The changes are being made to diversify the portfolio and reduce risk, according to an e-mail from Mr. Fitzpatrick, and are the result of a recent asset allocation study. RFIs are available from Mercer Investment Consulting.