New Jersey Division of Investment, Trenton, is looking for two equity managers, a global custodian and a financial auditor, according to the $78 billion systems website. A small-cap manager will run at least $50 million per product, according to the RFP, and each bidder may respond with a maximum of three styles out of a potential six: U.S. small-cap core, small-cap value, small-cap growth, small-midcap core, small-midcap value and small-midcap growth equities. Proposals are due at 2 p.m. EDT May 9. Another manager will run an as-yet undetermined amount in developed markets stocks. Details on the developed markets search wont be released until fall. Further details on the manager searches could not be learned by press time.
Proposals for a financial services auditor are due by 2 p.m. EDT May 30, and global custodian proposals are due May 15. Information on the current auditor and custodian was not available.
Copies of the RFPs can be obtained via e-mail to Amanda Truppa, chief of staff, at [email protected]