San Francisco City & County Employees' Retirement System is searching for up to four law firms to provide portfolio monitoring and securities litigation monitoring.
The $18.5 billion pension fund is searching for firms to “monitor SFERS' investment portfolio and monitor, evaluate and report on securities actions relating to SFERS' assets in both the United States and foreign jurisdictions,” according to an RFP posted on the website of Dennis J. Herrera, San Francisco city attorney.
The RFP is routine, according to Katharine Porter, deputy city attorney, and was issued “to ensure that the San Francisco Employees' Retirement System continues to adequately identify and evaluate securities litigation actions in which it has an interest.”
The retirement system now uses Investor Responsibility Support Services for securities litigation monitoring, Ms. Porter wrote in an e-mailed response to questions.
Proposals are due at 4:30 p.m. PST on Jan. 24. Finalist interviews are tentatively scheduled to take place in February. A timetable for a decision could not be learned by press time.
The RFP is available on the city attorney's website.