phone: (212) 669-4009
email: ymoy@comptroller.nyc.gov
PIN#015-218-269-00 IQ Due:
Investment Manager Search for Developed Markets ex USA Active Equity Investment Management Services
PIN: 015-218-269-00 IQ
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), 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 Developed Markets ex USA Active public equity 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 III(B) of the Investment Manager Notice of Search. 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 the Comptroller with a written report identifying the investment managers that meet the Minimum Requirements.
a. 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”). In addition, for Callan, managers are requested to email nycers@callan.com to confirm (1) their interest in this search and (2) for what specific product(s). In the subject line please use “Developed World ex-USA Active Equity Search”.
b. 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.
c. 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”).
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, 2021.
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 July 15, 2021. To download the Notice of Search, from the Comptroller’s website, select “RFPs & Solicitations” then “Notice of Search for “Developed Markets ex USA Active Equity Investment Managers” and complete the form. Questions about the Notice of Search should be transmitted by e-mail to Fannie Moy, Senior Contract Analyst at DevMarketsSearch@comptroller.nyc.gov by July 23, 2021 by 3:00PM EST.