Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund is searching for a custodian.
The $3.4 billion pension fund is seeking a firm to provide global custody, securities lending, commission recapture and other services, according to the RFP posted on the city and county's procurement website.
Whether current custodian Bank of New York Mellon is eligible to rebid was not known.
The RFP is available on the Nashville procurement website. Proposals are due at 2 p.m. CDT on March 31. A timeline for a selection was not provided.
Sandra Walker, senior procurement officer, would not provide further information; Fadi BouSamra, chief investment officer, could not be immediately reached for further information.