Notice Details

NOTICE IS HEREBY GIVEN that a Public Hearing will be held in the Municipal Building, 1 Centre Street, Room 800, on Friday, July 13, 2018 at 10:30 A.M. on the following items:

 

1. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Brigade Capital Management, LP with its principal place of business at 399 Park Avenue, Suite 1600, New York, NY  10022. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $13,183,000. PIN 015-178-196-01 EY

 

2. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Eaton Vance Management with its principal place of business at 2 International Place, Boston, MA  02110. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $19,233,000. PIN 015-178-196-02 EY

 

3. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and MacKay Shields LLC with its principal place of business at 1345 Avenue of the Americas, 43rd Floor, New York, NY  10105. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $17,985,000. PIN 015-178-196-03 EY

 

4. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Neuberger Berman Investment Advisers LLC with its principal place of business at 1290 Avenue of the Americas, New York, NY 10104. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $15,954,000. PIN 015-178-196-04 EY

 

5. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Nomura Corporate Research and Asset Management Inc. with its principal place of business at 1 Angel Lane, London, England EC4R 3AB. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $21,152,000. PIN 015-178-196-05 EY

 

6. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Oaktree Capital Management, L.P. with its principal place of business at 1301 Avenue of the Americas, 34th Floor, New York, NY 10019. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $15,765,000. PIN 015-178-196-06 EY

 

7. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Shenkman Capital Management, Inc. with its principal place of business at 461 Fifth Avenue, 22nd Floor, New York, NY  10017. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $11,769,000. PIN 015-178-196-07 EY

 

8. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and Stone Harbor Investment Partners LP with its principal place of business at 31 West 52nd Street, 16th Floor, New York, NY  10019. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $3,729,000. PIN 015-178-196-08 EY

 

9. IN THE MATTER OF a proposed contract for enhanced yield fixed income investment management services between the Office of the New York City Comptroller, acting on behalf of the New York City Retirement Systems and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller, and T.Rowe Price Associates, Inc. with its principal place of business at 100 East Pratt Street, Baltimore, MD 21202. The term of the contract will be up to three years with options to renew and will commence on or about June 1, 2018. The amount of the contract is not to exceed an estimated $20,336,000. PIN 015-178-196-09 EY

 

The proposed contractors were selected pursuant to an Investment Manager Search Method in accordance with Section 3-15 of the PPB Rules.

 

A copy of the contracts, or excerpts thereof, can be seen at the Office of the Comptroller, 1 Centre Street, Room 800, New York, NY 10007, Monday through Friday excluding holidays commencing July 3, 2018 through July 12, 2018 between 10:00 A.M. and 5:00 P.M.