Los Angeles County Deferred Compensation Plans issued an RFP for proxy-voting services for its $4.87 billion 457 and $1.36 billion 401(k) plans. Candidates must have been in the proxy-voting business for 10 years and have at least five years of experience in providing such services for large defined contribution plans, according to the RFP. Firms may bid to provide services to either or both plans. The RFP is available on the county's bid website, http://camisvr.co.la.ca.us/lacobids/BidLookUp/BidOpenStart.asp, and is bid number TTC RFP 2009-05 PVCS. Responses are due by noon Jan. 22, and sent to County of Los Angeles DC Plans, c/o Treasurer and Tax Collector, 500 W. Temple St., Room 432, Los Angeles, CA 90012. Attention: Teresa Gee. Further information can be obtained by contacting William Yuen in the county's treasurer and tax collector's office at [email protected] or 213-974-6801.
Illinois State Universities sets RFP in a search for minority managers to run TIPS
Illinois State Universities Retirement System, Champaign, issued an RFP in a search for managers owned by minority, women or people with disabilities to run a total of $175 million in Treasury inflation-protected securities. The $12 billion system has not determined how many managers it might hire. Officials want the selected managers to exceed the return of the Barclays Capital U.S. TIPS index. Funding would come from rebalancing to raise the system's current 2.5% TIPS allocation toward its 5% target. Staff at SURS is leading the search with assistance from general consultant Ennis Knupp. Responses to the RFP, which is posted at http://www.surs.org, are due Jan. 25.
PPF in the market for a global custodian
Pension Protection Fund is searching for a global custodian to also handle cash management, compliance monitoring, performance and risk measurement, and other services, said Colin McAlpine, contracts manager at the U.K. pension insurer. Incumbent State Street Corp. can rebid; the firm's three-year contract, extended two years in 2008, will expire in mid-April, Mr. McAlpine said. Responses are due Feb. 10 with a selection expected in early summer. Further information is available by contacting Mr. McAlpine at [email protected] The PPF manages about £3.3 billion ($5.3 billion), but that is expected to grow to £10 billion within the next five years, Mr. McAlpine said.
