San Francisco City and County Employees' Retirement System will launch a search on Dec. 3 for proxy voting services, Darlene Armanino, executive assistant, said in an email.
The $24.5 billion pension fund will issue an RFP because Institutional Shareholder Services' contract is due to expire in June and SFERS officials believe the fund should "review the marketplace for providers of proxy voting services on a regular basis," said Kurt Braitberg, managing director, public markets, and Andrew Collins, director of ESG investing, in a memo to the board. ISS is eligible to rebid.
The RFP will be posted on SFERS' website on Dec. 3. Proposals will be due at 5 p.m. PST on Jan. 4, according to a draft RFP. A decision is expected at the board's March 13 meeting.