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 one cash account.
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).
Proposals must be received: prior to 2:00pm EST, February 20, 2026