Nevada State Treasurer Kate Marshall issued an RFP for a securities lending provider for the states $2.1 billion general portfolio, the $725 million local government investment pool and the $350 million NVEST local government pooled long-term investment account, confirmed Diana Vansickle, deputy treasurer of investments. The contract of incumbent Wachovia Global Securities Lending expires June 30, Ms. Vansickle said. The firm can rebid.
The search is being conducted internally. The RFP is available on the state Department of Administrations website at http://purchasing.state.nv.us/odocs.htm. Proposals are due by 2 p.m. PDT April 13, and selections are scheduled for early May.