Bristol County Retirement System, Taunton, Mass., is searching for a bank or financial institution to provide institutional custodial/master trust services.
The search is being conducted to comply with state laws that require contracts to be put out for rebid every few years, said Roxanne L. Donovan, executive director of the $675 million pension fund. Incumbent State Street is invited to rebid.
Segal Marco Advisors, the pension fund's investment consultant, is assisting with the search.
The RFP is available on Segal Marco Advisors' website. Proposals are due by 3 p.m. EDT on June 6. A selection is expected to be made in July or August, said Ms. Donovan.
As of Dec. 31, 2016, the plan had an asset allocation of 28.2% domestic equities, 19.3% international equities, 14.8% value-added high-yield fixed income, 13% fixed income, 8.4% real estate, 5.5% emerging markets equity, 5.2% hedge funds, 4.2% private equity, and 0.6% timber/natural resources, according to its most recent annual report.
