Massachusetts Pension Reserves Investment Management Board, Boston, is searching for a firm to provide securities lending services, an RFP on the $58 billion pension plan’s website says.
MassPRIM does not now have a securities lending program, said David Gurtz, deputy chief investment officer and director of risk management.
In December 2007, the board ended the fund’s securities lending program with Goldman Sachs & Co. over concerns about unquantifiable market risk.
The RFP can be found on MassPRIM’s website. Proposals are due by 3 p.m. EDT June 16. A selection is expected to be made in August.
