Public Notice
The Board Members of the Worcester Retirement System (hereinafter “Board”) is conducting a search for the procurement of a qualified bank or financial institution to provide institutional custodial/master trust services. The Fund is valued at approximately $1.4 billion and is currently composed of two separately managed portfolios (fixed income) one equity fund, three fixed income funds, six passive index funds, twenty-five alternative funds (private equity, mezzanine debt, buyouts, venture capital, real estate and natural resources) and investments in the MA PRIT funds (13) through its segmentation program.
The selected manager(s) must have familiarity with, and agree to comply with Massachusetts General Laws, Chapter 32 and Chapter 176, the regulations of the Massachusetts Division of Public Employee Retirement Administration Commission, 840 CMR, and the PERAC Placement Agent Policy. Please see http://www.mass.gov/perac/ for details. All materials submitted in connection with this search may be subject to disclosure consistent with Massachusetts Public Record laws.
All bidders are hereby advised that any proposal selected shall be subject to (1) approval of the Board, (2) a written contract and (3) approval of the engagement by the Massachusetts Public Employee Retirement Administration Commission (PERAC). To request a copy of the RFP:
Please visit Meketa Investment Group’s Investment Manager Center at: RFP Searches - Meketa Investment Group
Bid deadline: August 26, 2025 @ 2:00pm EST
| Date published: | August 6, 2025 |
|---|
