The New Jersey Division of Investment, which manages investments for the $76 billion New Jersey Pension Fund, Trenton, has issued an RFP for up to three firms to help in its environmental, social and governance efforts.
The search is new, William Skaggs, a spokesman for the state Department of Treasury, wrote in an email.
The division of investment is looking for firms to conduct "ratings, research and related services" in aiding implementation of the division's ESG policy, covering "current asset allocations and investment strategy," according to the RFP on the Treasury Department's website. Research areas include "active domestic equity and fixed income, passive developed international markets, fixed-income and equity adviser programs, and a broad outsourced alternatives portfolio."
The firm or firms selected "shall serve in a fiduciary capacity," the RFP said.
Applications are due by 3 p.m. EDT on Sept. 13. The contract is for two years with the option for three, one-year renewals.
"The starting date will depend on when search is complete," Mr. Skaggs wrote.