Colorado Fire & Police Pension Association, Greenwood Village, is searching for a global custodian and actuarial firm, confirmed Scott Simon, chief investment officer.
The custodian RFP is also for trustee, securities lending and ancillary services. Incumbent BNY Mellon is invited to rebid; it currently provides custodial, securities lending, foreign-exchange trading and private equity back-office services, Mr. Simon said in a telephone interview. The $3.3 billion pension fund could hire more than one firm for the non-custodial services.
Incumbent Gabriel Roeder Smith is invited to rebid for the actuarial valuation and consulting services RFP, Mr. Simon said. The selected firm will provide valuation services for the next four years in addition to actuarial consulting responsibilities, according to the RFP.
The RFPs are available on the pension plan's website. Proposals for the custodial and ancillary services RFP are due Sept. 21; actuarial proposals are due Oct. 1. Hiring decisions are expected for both searches on Dec. 13.
Separately, the pension fund committed $10 million to Kayne Anderson Energy Fund VI, an oil and gas exploration fund managed by Kayne Anderson Capital Advisors. The plan previously committed $10 million each to the third and fourth funds in the series.