Procurement
Comptroller (OOC)
1 Centre St, 8th Floor South, New York, NY 10007
Cristina Ottey
phone: (212) 669-3619
fax: (212) 669-3417
email: cottey@comptroller.nyc.gov
phone: (212) 669-3619
fax: (212) 669-3417
email: cottey@comptroller.nyc.gov
Archived
Services (other than human services)
Innovative Procurement
5/23/2019
Solicitation
PIN#015-198-240-00 QM Due:
Description
The Comptroller of the City of New York (the “Comptroller”), acting on behalf of the New York City Retirement Systems, and specifically the Teachers’ Retirement System of the City of New York (“TRS”), the New York City Employees’ Retirement System (“NYCERS”), the New York City Police Pension Fund, Subchapter Two (“Police”), the New York City Fire Pension Fund, Subchapter Two (“Fire”), and the New York City Board of Education Retirement System (“BERS”) and related funds (collectively “NYCRS” or the “Systems”), is conducting this investment manager search (this “Search”) to identify and select investment management firms, or a pool of investment management firms, to create and manage one or more public equity U.S. Mid Capitalization Equity Active portfolios for the System(s).
How to Participate in this Search: To be considered, investment management firms must comply with the requirements (1) – (3) listed below:
1. All firms shall carefully review the Notice of Search and the Minimum Requirements described in Section B therein. Interested firms that meet the Minimum Requirements must enter their information in the following databases to be considered by each of the Investment Consultants. The Investment Consultants will review the databases and provide BAM with a written report identifying the investment managers that meet the Minimum Requirements.
a. For Callan Associates, investment firms must submit their information directly to the Investment Consultant. Information on requirements for entering information into these databases can be found at: http://www.callan.com (click on “Manager Questionnaire”). If you are submitting a carve-out strategy, you must include the words “Carve Out” in the name of the product you enter into the database. In addition, send an email to nycers@callan.com specifying the name of the carve-out strategy you have submitted and describe in what way the strategy is a carve-out.
b. For Wilshire Associates, investment firms must submit their information directly to the Investment Consultant (Wilshire Compass). Information on requirements for entering information into these databases can be found at: compassportal.wilshire.com. All inquiries to Wilshire are to be sent to investmentsearch@wilshire.com.
c. For Rocaton Investment Advisors, NEPC and Segal Marco Advisors, investment firms must enter their information into eVestment Alliance’s database. Information on requirements for entering information into these databases can be found at https://www.evestment.com (click on “Submit My Data”).
2. All firms must ensure that they completely identify their firm and product information in the aforementioned databases. Additionally, firms must ensure that the information is current and accurate (information such as organization, product, returns, portfolio characteristics and AUM data).
3. Current and accurate data must be in the aforementioned databases no later than, June 21 2019, at which time the respective Investment Consultant shall commence its review of the database.
There is no fee for entering information into the aforementioned databases. Investment managers are advised that information in the database may become part of any pool contract that results from this Search. Consistent with the policies expressed by the City of New York, participation by minority-owned and women-owned businesses or partnering arrangements with minority-owned and women-owned investment firms are encouraged. Additionally, participation by small and New York City-based businesses is also encouraged.
The Notice of Search which fully describes the scope of the search, minimum requirements, how to participate and the evaluation process will be available for download from the Comptroller’s website, www.comptroller.nyc.gov, on or about May 23, 2019. To download the Notice of Search, select “RFPs and Solicitations” then “Notice of Search for U.S. Mid Cap Equity Active Investment Managers” and complete the form. Questions about the Notice of Search should be transmitted by e-mail to Cristina Ottey at midcapsearch@comptroller.nyc.gov by June 10, 2019.
How to Participate in this Search: To be considered, investment management firms must comply with the requirements (1) – (3) listed below:
1. All firms shall carefully review the Notice of Search and the Minimum Requirements described in Section B therein. Interested firms that meet the Minimum Requirements must enter their information in the following databases to be considered by each of the Investment Consultants. The Investment Consultants will review the databases and provide BAM with a written report identifying the investment managers that meet the Minimum Requirements.
a. For Callan Associates, investment firms must submit their information directly to the Investment Consultant. Information on requirements for entering information into these databases can be found at: http://www.callan.com (click on “Manager Questionnaire”). If you are submitting a carve-out strategy, you must include the words “Carve Out” in the name of the product you enter into the database. In addition, send an email to nycers@callan.com specifying the name of the carve-out strategy you have submitted and describe in what way the strategy is a carve-out.
b. For Wilshire Associates, investment firms must submit their information directly to the Investment Consultant (Wilshire Compass). Information on requirements for entering information into these databases can be found at: compassportal.wilshire.com. All inquiries to Wilshire are to be sent to investmentsearch@wilshire.com.
c. For Rocaton Investment Advisors, NEPC and Segal Marco Advisors, investment firms must enter their information into eVestment Alliance’s database. Information on requirements for entering information into these databases can be found at https://www.evestment.com (click on “Submit My Data”).
2. All firms must ensure that they completely identify their firm and product information in the aforementioned databases. Additionally, firms must ensure that the information is current and accurate (information such as organization, product, returns, portfolio characteristics and AUM data).
3. Current and accurate data must be in the aforementioned databases no later than, June 21 2019, at which time the respective Investment Consultant shall commence its review of the database.
There is no fee for entering information into the aforementioned databases. Investment managers are advised that information in the database may become part of any pool contract that results from this Search. Consistent with the policies expressed by the City of New York, participation by minority-owned and women-owned businesses or partnering arrangements with minority-owned and women-owned investment firms are encouraged. Additionally, participation by small and New York City-based businesses is also encouraged.
The Notice of Search which fully describes the scope of the search, minimum requirements, how to participate and the evaluation process will be available for download from the Comptroller’s website, www.comptroller.nyc.gov, on or about May 23, 2019. To download the Notice of Search, select “RFPs and Solicitations” then “Notice of Search for U.S. Mid Cap Equity Active Investment Managers” and complete the form. Questions about the Notice of Search should be transmitted by e-mail to Cristina Ottey at midcapsearch@comptroller.nyc.gov by June 10, 2019.