The Illinois State Board of Investment put out a "Request for Competitive Proposal: Government Securities Money Market Fund." It reads, "The Illinois State Board of Investment ("ISBI") hereby issues a request for competitive proposals ("RFP") from qualified defined contribution government securities money market fund providers ("Respondent") on behalf of the State of Illinois Deferred Compensation Plan. The benchmark for this allocation will be the 90-day Treasury Bill. All forms needed for submitting a response to this RFP are available on ISBI's website at http://www.illinois.gov/isbi/Pages/RFP.aspx.... The deadline to Submit Written Questions is May 20, 2016, Noon CDT. The final Filing Date is May 30, 2016, 9:00AM CDT. The plan has a total of $4.1 billion in assets." Under Scope of Services it says, "The selected Respondent will provide a government securities money market fund for the Plan benchmarked to 90-day Treasury Bill. T. Rowe Price is currently the record-keeper for the Plan. The government securities money market fund selected and its transfer agent must enter into an agency agreement with T. Rowe Price Retirement Plan Services, Inc.... The agency agreement establishes roles, responsibilities and procedures governing the trading within the Plan." In other news, a press release entitled, "Federated Investors, Inc. Appoints New Head of Sales." It reads, "Federated Investors, Inc., one of the nation's largest investment managers, today announced the appointment of Paul A. Uhlman as president of Federated Securities Corp., Federated's distribution arm for domestic markets, effective June 15, 2016. The announcement was made by J. Christopher Donahue, president and chief executive officer of Federated Investors, Inc. Uhlman will replace Thomas E. Territ who will remain with Federated and participate in the transition of duties over the next three months before retiring later in the third quarter."
