Northampton (Mass.) Contributory Retirement System is searching for a firm to provide custodial/master trust services, said David Shipka, retirement administrator, in an e-mail.
The de Burlo Group, investment consultant to the $112 million pension fund, is assisting with the search.
The search is being conducted because its contract with its current custodian, State Street, is set to expire at the end of the year. The board decided to put the contract out to bid “to see what sort of price savings we might be able to achieve through the procurement process,” Mr. Shipka said.
State Street is welcome to rebid. he said.
The RFP is available by request via e-mail to Mr. Shipka, retirement administrator, at [email protected].
Proposals are due by 3 p.m. EDT on Oct. 21. A selection is expected to be made in November.
