New York City Deferred Compensation Plan active Intermediate Fixed Income investment management services

The New York City Deferred Compensation Plan is seeking qualified vendors to provide active management of an Intermediate Fixed Income investment option known as the Stable Income Fund. The primary goal of this fund is to offer investors access to high-quality fixed income securities with a focus on preserving principal and delivering consistent returns. Vendors interested in participating must submit their product information to Segal Marco Advisors via email by April 1, 2024, at 4:30 P.M. Eastern Time. The solicitation encourages proposals from certified minority-owned and women-owned businesses, as well as those partnering with such firms, and also promotes participation from small and New York City-based businesses, aligning with the City’s policies on diversity and local economic support. The contract, issued by the NYC Office of Labor Relations, is classified under NAICS code 523940 and is part of the city's broader procurement efforts to enhance its deferred compensation offerings. Interested vendors can contact Elizabeth Krupa at the provided email and phone number for further details. The solicitation is posted on the NYC City Record, and the project emphasizes the importance of high-quality fixed income management aligned with the fund’s safety and stability objectives.