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Massachusetts Housing Finance Agency Retirement System - Custodian Search The Board Members of the Massachusetts Housing Finance Agency 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 $ 280 million and is currently composed of one separately managed portfolio ( fixed income), thirteen comingled funds, nineteen limited partnerships and
Request for Proposal for Custody Services
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The Massachusetts Housing Finance Agency Retirement System is seeking a qualified bank or financial institution to provide institutional custodial/master trust services. Proposals must be submitted separately for services and pricing. The contract term is for three years, renewable for two, two-year periods, not to exceed seven years. Proposals must be received by February 6, 2026, at 2:00 PM EST. The board may schedule interviews and reserves the right to reject any or all proposals. The contract must incorporate the selected respondent's proposal and specify a term not exceeding seven years. The respondent must submit various documents, including a questionnaire and sample agreements. Fees must be submitted separately. Massachusetts state law requires payment in arrears.
Proposals must be received at the board prior to 2:00 p. m. est on february 6, 2026.
Massachusetts state law requires payment in arrears.
The board may elect to schedule an interview process with respondents based upon the proposals relative merits and relative prices.
The respondent must submit the following documents, which are available through the perac website.
The fund is valued at approximately 280 million.