Alabama Peace Officers’ Annuity & Benefit Fund is searching for a money manager and custodian, said John E. Hixon Jr., executive director.
The $23 million pension fund issued an RFP due to a state law that requires the fund put the services up for bid every two years. The current manager of the pension fund and custodian is Regions Financial; the firm is invited to rebid.
Proposals are due at 4:30 p.m. CDT on July 5. Mr. Hixon said a decision will be made this summer. The two-year contract begins on Oct. 1.
The RFP is available on the state’s procurement website. Registration is required.