University of Bristol (England) Pension and Assurance Scheme is searching for an investment consultant and actuary, said William Liew, deputy director of finance for the £152 million ($231 million) fund. Incumbent PricewaterhouseCoopers, which held both roles since November 2008, sold its actuary and consulting business to Xafinity in July 2009. Proposals are due Dec. 1. More information is available on the university's procurement website, https://tender.bris.ac.uk.
Florida State Board of Administration, Tallahassee, is searching for auditing firms to be placed on a preapproved list for a range of assignments over the next three years, according to request for quotes on the board's website. The independent audit committee of the FSBA, which oversees $133.5 billion in assets, would hire the firms as needed. Proposals for the RFQ, posted at http://www.sbafla.com, are due Dec. 6. The FSBA independent audit committee is creating the pool to assist it in its responsibilities to oversee FSBA in financial reporting, internal controls and risks assessment, audit processes and compliance. Ernst & Young, hired by FSBA last April as the first external auditor for the financial statements of Florida Retirement System's $118 billion defined benefit fund and $5.6 billion 401(a) defined contribution fund, would be allowed to bid for inclusion in the pool, according to John Kuczwanski, FSBA communications manager.
Illinois State Universities Retirement System, Champaign, issued an RFP for active domestic small-cap and midcap core equity managers owned by minorities, women and the disabled. Each manager hired by the $12.9 billion system could receive $10 million to $30 million in funding, according to the RFP, posted on the system's website, http://www.surs.org. “The funding level will be dependent on then prevailing market conditions as well as asset-allocation mix considerations within the overall manager development program,” which promotes emerging managers, according to the RFP. Proposals are due Dec. 15. SURS staff is overseeing the search.
Pennsylvania Municipal Retirement System, Harrisburg, is searching for an index fund manager to oversee $560 million in index funds, according to an RFP posted on the website of Dahab Associates, the $1.4 billion system's general consultant. The manager will oversee $280 million in fixed income, $160 million in emerging markets equity, $90 million in small-cap equity, and $30 million in large-cap equity. James B. Allen, secretary of the retirement system, said in a telephone interview that the account is up for bid because a state law requires competitive bidding on such contracts. He noted the contract with incumbent State Street Global Advisors ends in mid-March; SSgA was invited to rebid. The RFP is available on Dahab's website at http://dahab.com/searches.html. Proposals are due by 5 p.m. EST on Dec. 20. They must be sent to Steven Roth, Director of Manager Research, Dahab Associates, Inc., 423 South Country Road, Bay Shore, New York 11706, or e-mailed to [email protected]
Ohio Public Employees Retirement System, Columbus, issued an RFP for a new investment consultant, confirmed spokeswoman Julie Graham-Price. The investment consultant will replace Mercer, which recently announced it would stop advising U.S. public defined benefit plans. Mercer will discontinue its association with the $71.6 billion system no later than March 30, according to Ms. Graham-Price. Proposals are due to OPERS by 4p.m. EST Dec. 30. The RFP can be found at https://www.opers.org/about/vendor/index.shtml.
The Gloucestershire County Council Pension Fund, Gloucester, England, issued an RFP for a multimanager to run a U.K. real estate portfolio initially worth between £10 million ($16 million) and £30 million, according to European procurement platform Tenders Electronic Daily. The strategy could potentially increase to as much as £100 million and include overseas real estate. The fund's assets totaled about £1.06 billion as of Sept. 30. Proposals are due Jan. 4. Further information can be obtained from consultant Hymans Robertson via e-mail at [email protected]
New Jersey Department of Treasury is searching for up to four investment consultants for private equity, real estate, hedge funds and a general consultant, according to an RFP posted on the department's website. The New Jersey Division of Investments, Trenton, had $71 billion in defined benefit assets as of Oct. 31. The RFP is available at http://www.state.nj.us/ treasury/purchase/bid/summary/11x20963.shtml#overview. Proposals are due by 2 p.m. EST Jan. 13 and must be sent to Bid Receiving Room, 9th Floor, Department of the Treasury, Purchasing Bureau, Division of Purchase and Property, 33 W. State St., P.O. Box 230, Trenton, NJ 08625-0230.