This Solicitation opportunity from New York was posted on September 6, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Passive U.S. Equity and U.S. Core Fixed Income Management Services
Contract Overview
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The New York State Deferred Compensation Board is seeking proposals from qualified financial organizations to provide passive management services for U.S. equity and fixed income investments under the state's Deferred Compensation Plan for Employees of the State of New York and other participating jurisdictions. The plan complies with Section 457 of the Internal Revenue Code and relevant state laws, offering investment options including large-cap core passive funds benchmarked to the S&P 500, small-mid cap core passive funds benchmarked to the Russell 2500 or an equivalent index, and core fixed income funds benchmarked to the Bloomberg U.S. Aggregate Bond Index. The solicitation invites proposals from mutual funds, collective investment trusts, or other daily liquid pooled vehicles that are eligible for inclusion in the plan, explicitly excluding separately managed accounts. Existing managers are encouraged to rebid, and the contract, if awarded, could last up to ten years, covering all counties in New York State. Proposals must be submitted by October 4, 2024, at 5 PM Eastern time, with the solicitation posted on the Callan and NYS Deferred Compensation Board websites. The contract size is estimated to range between 50 million and 150 million dollars. The process is open to all eligible business entities, with no set-aside for service-disabled veteran-owned firms. This procurement is part of the State's effort to enhance its retirement investment options by engaging qualified firms capable of managing passive U.S. equity and fixed income funds in accordance with the specified benchmarks and investment vehicle criteria.
General Info
Agency
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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