Notice of Intent to Enter into Negotiations
Office of the New York City Comptroller
Hedge Fund Investment Consultant Services
Negotiated Acquisition Extension
PIN: 015-198-239-00 ZQ
In accordance with Section 3-04(b)(2)(iii) of the New York City Procurement Policy Board Rules, the New York City Comptroller’s Office (the “Comptroller’s Office”), acting on behalf of the New York City Police Pension Fund, Subchapter 2, the New York City Fire Department Pension Fund, Subchapter 2, and such other additional Systems and funds as may be designated in writing from time to time by the Comptroller with the concurrence of the Consultant (collectively, the “Systems”) is seeking to extend the existing Hedge Fund Investment Consultant Agreement with Aksia LLC (“Aksia”) for one and a half years, from January 1, 2020 to June 30, 2021. The purpose of this extension is to ensure continuity of services and avoid any disruption in the hedge fund advisory services being provided while the Comptroller’s Office issues a new RFP, selections are made, and a new agreement is put in place. Aksia, as a fiduciary, provides hedge fund investment advisory services inclusive of strategic advice, new investment identification and evaluation, activity reports, and portfolio monitoring.
This extension is intended to ensure continuity of Hedge Fund investment advisory services, pending the issuance of a new procurement and completion of the selection process and subsequent contract award.
Vendors that are interested in expressing interest in this procurement or in similar procurements in the future may contact Aya Guriel at aguriel@comptroller.nyc.gov. Expressions of Interest are due October 8, 2019 by 2PM (ET).