CalPERS is searching for a master custodian for its $292.9 billion pension fund, affiliated funds and the supplemental 457 deferred compensation plan.
Incumbent State Street’s contract expires June 30, 2016. It is invited to rebid.
Applicants must indicate by Sept. 8 that they plan to submit a bid, as well as submit answers to CalPERS technical questions by that same date.
Final proposals are due at 3 p.m. PDT Oct. 7. The California Public Employees’ Retirement System, Sacramento, plans to select finalists by November. A hiring date was not specified. It is expected that the contract will start July 1, 2016.
The RFP is available on CalPERS’ website.