The $1.9 billion Denver Employees Retirement Plan is seeking to appoint a custodian, Pensions & Investments reports. The plan is considering current custodian, JP Morgan Chase, as well as Northern Trust, State Street and BNY Mellon for the position.
Additionally, the system may shortlist search for an active domestic large-cap value equity manager to manage $160 million, which has been placed in the Russell 1000 Value index fund, managed by Northern Trust. The plan is being assisted by general consultant, Summit Strategies, in both the searches.
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