This Solicitation opportunity from Office of Labor Relations (OLR) was posted on May 22, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
US Core Fixed Income investment management services for the Bond Fund
Contract Overview
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The New York City Deferred Compensation Plan is inviting qualified vendors to provide passive core bond investment management services for its Bond Index Fund. The goal is to ensure participants have access to core bond exposure by tracking the Bloomberg US Aggregate Index through either a non-lending commingled fund or a separate account. Potential vendors are encouraged to submit product information to the designated adviser by June 16, 2025, though this is not a strict requirement. The estimated contract value ranges between $5 million and $20 million, reflecting the large scale and significance of the investment service sought. The procurement places a strong emphasis on inclusivity, actively encouraging proposals from certified minority-owned and women-owned businesses, as well as collaborations with these groups. Small businesses and those based in New York City are also given special consideration. The solicitation aligns with the City’s broader policy objectives for diversity and local economic support, in addition to the financial and operational qualifications required for managing a public retirement plan asset. All communication related to the opportunity should be directed to the Office of Labor Relations, specifically the listed contact, ensuring an organized and transparent selection process.
General Info
Agency
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
Consistent with the policies expressed by the City, proposals from certified minority-owned and/or women-owned businesses or proposals that include partnering arrangements with certified minority-owned and/or women-owned firms are encouraged. Additionally, proposals from small and New York City-based businesses are also encouraged.
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