Illinois State Universities Retirement System, Champaign, issued an RFP for proxy-voting advisory services.
The system could hire more than one firm for its $12.4 billion defined benefit fund. Incumbent Marco Consulting Group can rebid.
Proposals are due July 22, according to the RFP, available at its website, www.surs.org. SURS expects to make a preliminary decision Sept. 3.
System officials haven't decided whether to hire separate firms for U.S. and non-U.S. proxy-voting services or whether it will continue to have an external advisory firm for only its domestic equities and leave non-U.S. proxy voting to its international managers, said Daniel L. Allen, chief investment officer.
Marco's contract, which expired Dec. 31, was extended to Sept. 30.