MASTER TRUSTEE/CUSTODIAN

SERVICES TO BE PROVIDED

The Retirement Board (“the Board”) of the Policemen’s Annuity and Benefit Fund of Chicago (“CPABF”) is requesting proposals from qualified firms interested in providing Master Trustee/Custodial services (“Offerors”). Offerors should be able to provide any or all of the following services:

  • 1. Core custody services, including, but not limited to, the following services: domestic and international master trust/custodial services, securities safekeeping, settlement, valuation, foreign exchange services, performance measurement, collection of income, and providing a management/accounting and information retrieval system.
  • 2. Securities Lending Services.
  • It is the preference of CPABF to award a single contract for all the services listed above. However, CPABF reserves the right to contract separately for each service. Within the cover letter of your proposal, please clearly state/specify which services you are proposing.

    Professional Advisors

    Legal Advisor

    • David R. Kugler, ESQ

    Medical Advisor

    • Peter Orris, M.D.

    Investment Consultant

    Consulting Actuary

    Auditor

    Master Custodian

    Commercial Bank

    Active Search

    Delivery Instructions

    The RFP questionnaire should be completed and returned to Mario Tate at mtate@nepc.com by 5 p.m. EST on December 31, 2012.
    ◊ Please do not send hard copies of your response unless otherwise requested.

    Custodial Services: Q&A

    RFP Submission

    Awarded

    • Pending

    RFP Documents

    Archived

    RFP Disclaimers

    PABFProposals become the property of the Fund and these and any late submissions will not be returned. Your Proposal will be open to the public under the Illinois Freedom of Information Act (FOIA) (5 ILCS 140) and other applicable laws and rules, unless you request in your Proposal that we treat certain information as exempt. We will not honor requests to exempt an entire Proposal. You must show the specific grounds in FOIA or another law or rule that support exempt treatment. Regardless, we will disclose the successful Bidder’s name, and the substance of the Proposal. If you request exempt treatment, you must submit an additional copy of the Proposal with exempt information deleted. This copy must tell the general nature of the material removed and shall retain as much of the Proposal as possible. You will be responsible for any costs or damages associated with our defending your request for exempt treatment. You agree the Fund may copy the Proposal to facilitate evaluation, or to respond to requests for public records. You warrant that such copying will not violate the rights of any third party.

    Non-Discrimination: No decisions regarding Bidders will be influenced by race, sex, color, religion, national origin, age, disability, veteran status, marital status, or any other unlawful basis.

    Exceptions

    Exceptions: (i) sole source procurements, (ii) emergency procurements, and (iii) at the discretion of the pension fund, retirement system, or board of investment, contracts that are nonrenewable and one year or less in duration, so long as the contract has a value of less than $20,000.