Delaware Public Employees’ Retirement System, Dover, is searching for an auditor, according to an RFP posted on the state’s website.
The $7 billion pension fund is looking for accounting firms to perform an audit on financial statements for the fiscal years ended June 30, 2012, and June 30, 2013. The proposal includes an audit of the First State Independence Fund, which was formed in 2008 to invest in long/short equity hedge funds to increase returns for the pension plan. Its assets are included in DPERS’ financial statements.
The RFP is available on the state’s website.
Proposals are due March 21. Interested firms must attend a mandatory prebid meeting at 10 a.m. March 14 at the state auditor’s office. It was not noted when a hiring decision could be made.
Separately, the DPERS’ board committed up to $200 million to the Riverstone Global Energy and Power Fund V, according to recently released minutes of the Jan. 27 meeting. The board has previously invested with Riverstone, according to the fund’s 2011 annual report. Additional information was not available.
DPERS Pension Administrator David Craik was not available and Kimberly Vincent, deputy administrator, did not return a telephone call by press time.