Notice Details

Investment Manager Search for

Systematic Public Equity Investment Products

Investment Management Services

 

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”), and the New York City Fire Pension Fund, Subchapter Two (“Fire”), (collectively “NYCRS” or the “Systems”), is conducting this search (this “Search”) to identify Investment management firm(s) that can provide Systematic Public Equity Investment Products, or a pool of Systematic Public Equity Investment Products, to potentially augment or replace existing portfolio allocations. Systematic Public Equity Investment Products for this search are defined as:

 

Products that use a stock selection and portfolio construction approach that primarily relies on quantitative signals derived from traditional and alternative data sources  (often using significant amounts and types of data and sophisticated, proprietary analytics) where human judgement with quantitative testing is used to test, build and maintain the signal, factor and portfolio models, but where human judgment is not used to evaluate individual stocks or to weight stocks in a portfolio).    

 

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. 

 

1. 1. For Callan, Firms must submit their information directly to the Investment Consultant’s database (CallanDNA). Information on requirements for entering information into CallanDNA can be found at http://www.callan.com (click on For Investment Managers & Advisors>Investment Managers). 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 “Systematic Manager Search”

 

 

1. 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.

 

 

1. 3. For Goldman Sachs/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, 2025.

 

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 24, 2025.  To download the Notice of Search, from the Comptroller’s website, select “RFPs & Solicitations” then “Notice of Search for “Systematic Public Equity Investment Products Investment Managers” and complete the form. Questions about the Notice of Search should be transmitted by e-mail to Samantha Bobb, Deputy Director at systematicsearch2025@comptroller.nyc.gov by November 5, 2025 by 3:00 PM EST.