Notice Details

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”) (collectively “NYCRS” or the “Systems”¹), is conducting this Emerging Manager-of
Managers 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

Emerging Manager-of Managers
(“EMOM”) Fixed Income 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: 

All firms shall carefully review the Notice of Search
and the Minimum Requirements described in Section III(B) of the Investment
Manager Notice of Search and as shown below. 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. 

1.  

   1. For Callan, Firms
      must submit their information directly to the Investment Consultant’s database
      (Callan LLC). Information on requirements for entering information into these
      databases can be found at: http://www.callan.com (click on “Manager Questionnaire”).

   2. For Wilshire, Firms
      must submit their information directly to the Investment Consultant’s database
      (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.

   3. For Rocaton, NEPC
      and Segal Marco Advisors, 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”).  When completing the eVestment database,
      investment firms should identify their relevant products as “Fund of Funds”
      under the field titled “Traditional Fund Structure.”

       

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 (such
   as organization, product, returns, portfolio characteristics and AUM data) is
   current and accurate as of June 30, 2020.

    

3. There is no fee
   for entering information into the aforementioned databases.  Firms are advised that information in the
   database may become part of any pool contract that results from this Search.

 

Current and accurate data must be in the aforementioned databases by the deadline stated in
Section I of this Notice of Search, at
which time the respective Investment Consultant shall commence its review of
the database.

 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 October 23, 2020.  To download the Notice of Search, from the
Comptroller’s website, select “RFPs & Solicitations” then “Notice of Search
for Fixed Income Emerging Manager-of-Managers Investment Management Services” and
complete the form. Questions about the Notice of Search should be transmitted
by e-mail to Fannie Moy, Senior Contract Analyst at EMOMSearch@comptroller.nyc.gov by November 6, 2020 by 3:00PM EST.