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Products April 22, 2011
Maryland State Retirement Agency Seeks Adviser
April 22, 2011 (PLANSPONSOR.com) - The Maryland State Retirement Agency has issued a Request for Information (RFI) seeking a qualified consulting firm.
Reported by PLANSPONSOR staff
According to a press release, the $36 billion system is looking for a firm to advise the staff on the Absolute Return portfolio. As of December 31, 2010, the System has roughly $1.6 billion invested in the Absolute Return allocation.
Proposals should be emailed to investAR@sra.state.md.us and mailed to:
120 East Baltimore Street
16th Floor
Baltimore, MD 21202
Attn: Art Lynch
by 4:00 p.m. on Friday, May 20, 2011.
The RFI is available to view at http://www.sra.maryland.gov/Agency/Investment/RFI-Absolute_Return.pdf
According to a press release, the Maryland State Retirement and Pension System is charged with the fiduciary responsibility for properly administering the retirement and pension allowances of more than 120,000 retirees and beneficiaries as well as the future benefits for more than 249,000 active and former members. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the system.