This Solicitation opportunity from New York was posted on February 21, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
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The New York State Deferred Compensation Board is seeking proposals from financial organizations to provide active U.S. equity management services for the state's deferred compensation plan, which complies with Section 457 of the Internal Revenue Code and relevant state laws. The solicitation, posted on February 21, 2024, invites interested firms to submit their proposals by April 5, 2024, at 5 PM Eastern time. The plan encompasses various investment options, including large cap, small cap, and mid cap equity strategies, each benchmarked to specific indices such as the S&P 500, Russell 1000, Russell 2000, and Russell 2500, with a requirement for portfolio construction to closely follow these benchmarks to minimize style or market cap drift. The process allows for proposals involving mutual funds, collective investment trusts (CITs), or other daily liquid pooled vehicles eligible for inclusion in the plan, excluding separately managed accounts. The contract, which can last up to ten years, is open to all counties within New York State, and existing managers like T. Rowe Price Associates and The Vanguard Group are eligible to rebid. The procurement does not include service-disabled veteran-owned set-asides. The solicitation emphasizes the evaluation of active management strategies with a focus on style adherence and liquidity, ensuring the selected provider can meet the plan’s investment objectives and regulatory requirements. The contract aims to enhance the plan’s investment options by engaging qualified financial organizations capable of managing active U.S. equity portfolios aligned with specified benchmarks and investment guidelines.
General Info
Agency
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
Earlier notices in this NAICS code
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