by Nick Delgado
Guam - The Government of Guam Retirement Fund went before the Guam Office of Accountability this morning to discuss the appeal filed by the ASC Trust Corporation. ASC appeals the denial of its protest of the Retirement Fund's award to Great West Retirement Services of the contract to provide certain investment management and administrative services.
ASC contends that it had the lowest bid initially. GovGuam Retirement Fund Director Paula Blas said, "It involved a little bit more detail with regards to the terms and provisions of the contract, with this particular contract."