New Jersey Division of Investment, Trenton, has issued a request for qualification for firms to provide class-action lawsuit monitoring services and to provide independent proxy research and a web-based proxy voting platform, confirmed William Quinn, a spokesman for the State Department of the Treasury.
The Division of Investment, a unit of the Treasury Department, is the investment manager for the seven state pension funds that constitute the $75.3 billion New Jersey Pension Fund.
The two contracts are each for three years, beginning Feb. 1, 2014, with each subject to two one-year extensions, Mr. Quinn wrote in an e-mail.
The services are now provided by Institutional Shareholder Services, Rockville, Md., whose contract for both services expires Jan. 31. The firm is free to rebid, Mr. Quinn wrote. A bidder may apply for one or both contracts, according to the RFQ posted on the division's website.
Applicants must send their proposals by 3 p.m. EDT on June 28, according to the RFQ. A selection timetable wasn't provided.
Firms must submit separate applications labeled “RFQ for proxy services” or “RFQ for class-action monitoring services” by e-mail, overnight mail or regular mail.
E-mail applications should be sent to [email protected]. Overnight mail should be sent to Gina Costello, Department of the Treasury, Division of Investment, 50 W. State St., 9th Floor, Trenton, NJ 08608. Regular mail should be sent to Gina Costello, Department of the Treasury, Division of Investment, P.O. Box 290, Trenton, NJ 08625.