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Fixed Income Manager

Active

PBGC-10-1124Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The contract involves the provision of active investment management services for fixed income portfolios on behalf of the Pension Benefit Guaranty Corporation (PBGC), a federal corporation established under the Employee Retirement Income Security Act of 1974 (ERISA). PBGC's mission includes protecting defined benefit pension plans by administering an insurance program funded through employer premiums, investment earnings, and terminated plan assets. The contractor, referred to as the Investment Manager, is tasked with managing fixed income assets to achieve returns that consistently outperform specified benchmarks over a full market cycle while maintaining appropriate risk levels. Portfolio investments may include a variety of fixed income and derivative instruments from both U.S. and international issuers, selected with consideration to PBGC's objectives. The management mandate covers one or more of five fixed income strategies: Core Fixed Income, Global Fixed Income, Long Duration Fixed Income, Emerging Markets Debt, and High Yield. The contractor must use best efforts to choose securities appropriate to PBGC’s mission and provide related active management services. The contract solicitation is identified as PBGC-10-1124, with performance expected in Washington, DC. The Contracting Officer overseeing this procurement is Debra Trott. This synopsis serves purely as an informational notice and does not constitute a Request for Proposal or Quotation, with the attached draft Statement of Work subject to potential modifications.

General Info

Active management of PBGC fixed income portfolios aiming to outperform benchmarks with diverse strategies.

Agency

N/A

NAICS

523920 - Portfolio Management

Place of Performance

Pension Benefit Guarantee Corporation 1200 K Street, NW, suite 1090, WASHINGTON, DC, 20005-4026, USA

Set-Aside

NONE

Documents

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Uniform Contract Format

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Timeline

PhasePresolicitation

PostedNov 25

Presolicitation

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Organization & Contact Information

AgencyN/A

Contacts1 person available

OfficeN/A

Organization / Agency

N/A

Office AddressN/A

Contacts

Debra TrottContracting Officer

contact@example.gov

Full Description

Synopsis - Fixed Income Manager This Synopsis is not a Request for Proposal (RFP) or Request for Quotation (RFQ). The attached Draft Statement of Work may be subject to change and is provided for informational purposes only. The Employee Retirement Income Security Act of 1974 (ERISA) established Pension Benefit Guaranty Corporation (PBGC) as a federal corporation to encourage the growth of defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at a minimum. Defined benefit pension plans promise to pay a specified monthly benefit at retirement, commonly based on salary and years on the job. PBGC, a wholly owned United States Government corporation, administers the insurance program and termination process for most private-sector defined benefit pension plans that are tax-qualified under the Internal Revenue Code. PBGC is headed by a Director who reports to a board of directors consisting of the Secretaries of Labor, Commerce, and Treasury, with the Secretary of Labor as Chairman. General tax revenues do not fund PBGC. PBGC collects insurance premiums from employers that sponsor insured pension plans, earns money from investments and receives the assets of the pension plans it terminates. The Investment Manager (hereinafter referred to as contractor) shall provide active investment management services for fixed income portfolios that will provide over a full market cycle, a total rate of return which exceeds the benchmark of the respective portfolio, consistent with appropriate levels of risk. Investments of trust fund assets for this mandate may include fixed income and derivative products that are obligations of both domestic (U.S.) and non-U.S. issuers. The contractor shall exercise best efforts to select securities suitable and appropriate to the PBGC's mission. The contractor shall be responsible for providing active investment management and related services for fixed income portfolios. The portfolios may be in one or more of the five fixed income strategies listed below: Strategies: 1. Core Fixed Income 2. Global Fixed Income 3. Long duration Fixed Income 4. Emerging Markets Debt 5. High Yield