Alexandria, Va., is searching for a custodian for the $420 million Alexandria Firefighters and Police Officers Pension Plan and $180 million Alexandria Supplemental Retirement Plan.
The city issued an RFP as a due diligence measure, said Kevin Condy, director of research at investment consultant Dahab Associates, which is assisting with the search.
Current custodian Comerica is invited to rebid, he said.
The chosen custodian would also provide services for the city's $110 million other post-employment benefits trust.
The RFP is available on Dahab's website. Proposals are due by noon EST on Feb. 16. A timeline for a selection has yet to be determined.