Illinois State Universities Retirement System, Champaign, issued an RFP for securities litigation services for both U.S. and non-U.S. investments.
The system, which oversees $14.9 billion in defined benefit and $1.2 billion in 401(a) assets, expects to retain three to five law firms. Selected firms will assist the retirement system in identifying and evaluating cases in which SURS has an interest for potential legal action.
The selected firms will make up SURS' list of approved law firms with which it expects to deal in securities litigation-related matters.
Further information could not be learned by press time.
Daniel L. Allen, chief investment officer of SURS, couldn't be reached for comment..
The RFP is available on SURS' website. Responses are due Aug. 9.
SURS expects to make preliminary selections Sept. 16 and award contracts Sept. 30.