Missouri Local Government Employees Retirement System, Jefferson City, is searching for a custodian.
The $10 billion pension fund is seeking a firm to provide custodial, securities lending and performance measurement services, said Erin Stieferman, investment risk and operations manager, in an email.
Current custodian Northern Trust is eligible to rebid, Ms. Stieferman said.
The pension fund's target allocation is 36% real assets/real return assets, 35% equities, 31% fixed income, 15% alpha portfolio, 10% cash portfolio, 8% strategic assets and -35% leverage portfolio.
The RFP is available on LAGERS' website. Proposals are due at 4:30 p.m. CDT on March 15. A selection will be made no earlier than June 16.
